I have attached the Monthly Market Monitor put together by Eaton Vance. As always, I recommend taking a look through the full presentation if you have the time. However, I have included a few helpful charts below.
Flattening Yield Curve – Over the past year, front end of curve has risen much more than the back end
VIX – back near historical average after a spike in February – March
P/E Relative to Performance – S&P 500 companies with highest valuations have performed best YTD
Asset Class Returns – YTD, there are few asset classes with positive returns
Asset Class Correlation – the Agg provides diversification benefits in a balanced portfolio with equities
Peter Malone, CFA
Research Analyst
Direct: 617.226.0030
Fax: 617.523.8118
Crestwood Advisors
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Boston, MA 02109
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