US Market Sector Outlook June 2014
As outlined in our recent ‘CFAL Global Market Review—May 2014’ report, the S&P500 gained 2.1% over the month, in an apparent repudiation of the “sell in May and go away” adage. It is up 4.1% for 2014. However, US performance was again overshadowed by both European markets, with the German DAX rising 3.5%, as well as by Emerging Markets, which returned 3.3%. On a year-to-date basis, the broader Eurotop 100 index leads all major equity markets, up 4.3% versus 4.1% for the S&P500. Perennial 2014 laggards, Japan and China, both had much needed rebounds in May, with Japan’s Nikkei gaining 2.3% and a 4.0% return for MSCI China index. They still remain deeply negative for the year. 02_2014_CFAL_Sector_Outlook Click here for US Market Sector Outlook

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