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 – shorter term rates increasing while longer term rates have decreased since last month
Fixed Income Spreads – major fixed income asset classes not currently “cheap”
U.S. Small Cap – over the past month and year, U.S. small caps have increasingly outperformed large caps
Global Earnings– corporate earnings growth has been strong over the last year
YTD S&P 500 Returns – returns driven by discretionary, energy, and technology
Peter Malone, CFA
Research Analyst
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