2015 Has Been A Bore…The Median US Stock Is Flat YTD

We are 9+ months into the year and the median stock in the United States has officially gone nowhere. The good news is that this is major improvement from the 9/29 low when the median stock was down -8%. The bad news is unless we get a major rally into the end of the year we are set to have the worst performance according to this metric since 2008.

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It’s definitely paid to have exposure to Japanese stocks this year. The median stock in Japan is up 9% (all returns are in USD). While Australia, New Zealand and Singapore are all down at least 11%.

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Overall, broad exposure to European equities has paid off as well. Only Norway (-3%) and Spain (-6%) are the only countries where the median stock is negative. Italy has led the charge higher as the median stock there is up 21%. Denmark and Ireland are both at least 18% higher YTD.

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