The S&P 500 fell 1.4% last week, ranking in the middle of the 41 stock markets we monitor in a week when just six markets rose. The S&P 500’s performance last week tied or outperformed all the major MSCI indexes. Their performances from best to worst: MSCI EAFE (-1.4%), MSCI World (-1.5), MSCI Emerging Latin America (-1.6), MSCI Emerging Asia (-1.7), and MSCI Europe (-2.6). The S&P 500’s 3.7% decline so far in November ranks 35th of the 41 markets. Year to date, the S&P 500 (8.1) is ahead of all the MSCI indexes including MSCI World (6.4), but its ytd ranking has slipped to 20th from 5th since the beginning of October.
Today's Morning Briefing: Turbulence & Trouble. (1) Anna Karenina, Lincoln, and the human condition. (2) T&T can be explosive sometimes. (3) Is the bull’s run over? (4) Deal or no deal in DC? (5) Kicking Greece down the road again. (6) Xi is a Party boy. (7) Time to bomb Fordo? (8) Iron Dome anti-missile defense system is a game changer. (9) Defense isn’t working in S&P 500. (More for subscribers.)