Global Market Performance In October 2018 Year-to-Date

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The US was leading the rest of the world through September, 2018, but a couple regions outperformed the US in October, 2018.

For the year-to-date through October, the United States' stock market has been the best-performing in the world.

Growth stocks have been out of favor outside the US but remain in favor within the US.

Yesterday I released this article on performance of the US stock market in October and the year to date. This commentary expands the analysis to cover the rest of the world, as shown in the graph at the bottom of this article.

The US led the world and every country through September 2018, earning 10% versus the 1% loss in the rest of the world.

In October, two regions outperformed the US’s 7% loss. Latin America earned a positive 0.5% return and Emerging Markets lost 4%.  As a whole, however, foreign markets lost about the same as the US in October. 

Updating through the 10 months ending October, the US 3% return outshines every country and the foreign market as a whole, which has lost 7%. Unlike the United States, where growth stocks have been in favor, growth stocks have been out of favor in the rest of the world.

Ronald Surz is president of PPCA and Target Date Solution (TDS) that holds patent on the Safe Landing Glide Path® (SLGP) tracked by the SMART Fund® Target Date Index collective investment trust on Hand Benefits and Trust, Houston. The SLGP is also being tracked by the OPEIU MEP 401(k) Plan. TDS also provides an on-line application called Age Sage that facilitates do-it-yourself target date funds.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , US Markets , Economy , Financial Advisor Center , Stocks

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