446 / 708
12
Stocks didn’t move much in September. The S
&
P
500
ended flat, while the Russell
2000
Index rose
1
.
1%
.
Strong economic data wasn’t enough to push the
Federal Reserve to raise short-term interest rates at
its Sept.
21
policy meeting.
The Fed’s decision helped dividend-heavy utilities be
a top-performing sector for the month. Regulated
utilities such as
AES
AES
and
CenterPoint Energy
CNP
rose more than
3%
.
Franklin Utilities
FKUTX
,
with a Morningstar Analyst Rating of Gold, rose
1
.
3%
.
The technology sector posted a solid gain of
2
.
5%
in September. Computer hardware players
Western
Digital
WDC
and
3D Systems
DDD
, as well as online
social-media firm
TWTR
, rose more than
19%
.
Fidelity Select Technology
FSPTX
climbed
3
.
3%
.
After months of anticipation, the Organization of the
Petroleum Exporting Countries announced plans to
curb oil production in upcoming months to end the
supply glut.
OPEC
’s decision pushed Brent crude
prices and energy stocks—which had been down for
the month—into positive territory. Midstream player
Spectra Energy
SE
and drillers
Rowan Companies
RDC
and
Nabors Industries
NBR
rose more than
20%
.
Financials struggled in September after being the
top-performing sector in August. Banks were led lower
by
Wells Fargo
’s
WFC
13%
decline amid the fallout
from a scandal in its retail banking business. Consumer
defensive stocks fell
1
.
5%
during the month, as
consumer packaged-goods firms
Campbell Soup
CPB
and
General Mills
GIS
fell about
10%
.
Developed international markets also posted gains in
September: The
MSCI
EAFE
Index rose
1
.
2%
. Belgian,
Austrian, and Norwegian stocks all gained more than
4%
, while Israeli and Danish stocks fell more than
3%
.
Emerging-markets stocks gained
1
.
3%
for the month,
led by South Africa’s
6%
gain and Russia’s
4%
gain.
K
Total Return
%
Through
A N N U A L I Z E D
09-30-16
1Mo
YTD
3Yr
5Yr
10Yr
Benchmark Performance
Small Caps Rally as Fed Pauses
Market Overview
|
Andrew Daniels
Large Growth
0.6
3.4
9.2
15.0
7.5
Large Blend
-0.1
6.0
8.8
14.7
6.3
Large Value
-0.2
7.8
7.7
14.0
5.4
Mid-Cap Growth
0.1
4.9
6.4
13.9
7.4
Mid-Cap Blend
0.1
7.9
6.7
14.3
6.8
Mid-Cap Value
0.2
10.2
7.3
14.9
6.9
Small Growth
1.1
7.4
5.1
14.4
7.6
Small Blend
0.6
10.1
5.6
14.5
6.6
Small Value
0.5
12.3
5.7
14.6
6.4
Allocation--70% to 85% Equity
0.4
6.6
5.6
10.2
4.8
Allocation--30% to 50% Equity
0.3
6.8
4.1
6.7
4.5
Allocation--50% to 70% Equity
0.2
6.4
5.4
9.2
5.2
Communications
0.8
10.1
6.8
11.3
4.8
Financial
-1.0
1.6
5.3
14.2
1.5
Global Real Estate
-0.7
8.2
6.2
11.5
2.5
Health
2.0
-5.0
12.3
20.2
11.2
Natural Resources
2.3
20.2
-4.9
1.6
1.0
Equity Precious Metals
4.4
92.6
4.6
-10.3
0.5
Real Estate
-1.7
9.5
12.7
14.6
5.5
Technology
2.8
10.8
13.2
16.2
9.3
Utilities
0.9
14.7
8.2
10.6
6.5
S&P 500
0.0
7.8
11.2
16.4
7.2
S&P MidCap 400
-0.6
12.4
9.4
16.5
9.1
Russell 2000
1.1
11.5
6.7
15.8
7.1
Diversified Pacific/Asia
2.6
9.0
4.4
8.9
4.0
Diversified Emerging Mkts
1.5
14.3
-0.4
3.7
3.5
Europe Stock
0.9
-1.0
0.4
8.6
2.5
Foreign Large Blend
1.3
2.9
0.5
7.1
1.7
Foreign Large Growth
1.6
3.7
2.0
8.6
3.1
Foreign Large Value
1.2
2.9
-0.7
6.3
0.7
Foreign Small/Mid Growth
2.6
3.6
3.8
10.7
5.1
Foreign Small/Mid Value
2.3
6.3
2.2
8.7
3.1
World Stock
0.9
5.8
4.7
10.8
4.6
MSCI World
0.5
5.6
5.8
11.6
4.5
MSCI Emerging Markets
1.3
16.0
-0.6
3.0
4.0
MSCI EAFE
1.2
1.7
0.5
7.4
1.8
MSCI Europe
0.9
0.0
-0.6
7.5
1.5
MSCI Latin America
-0.9
30.1 -10.3
-6.6
-0.4
MSCI Pacific
2.0
5.3
2.3
7.3
2.5
High Yield Bond
0.6
11.5
3.8
7.0
6.2
Inflation-Protected Bond
0.7
6.4
1.3
1.2
3.5
Intermediate-Term Bond
0.1
6.0
3.7
3.4
4.5
Muni National Long
-0.5
4.2
6.0
4.9
4.2
World Bond
0.2
8.2
2.1
2.4
4.4
BarCap US Agg Bond TR USD
0.1
5.7
4.0
3.0
4.6
BofAML US HY Master II TR
0.6
15.3
5.3
8.2
7.6
BarCap Municipal TR USD
-0.5
4.0
5.5
4.5
4.7