U.S. real estate investment trusts and investment grade U.S. bonds performed best in August for the strongest monthly gain since January. For the fourth month in a row the MSCI REIT index gained with a 3.4% return for the month. Emerging market stocks performed the worst of the major asset classes with a 4.9% loss for the month. Capital Spectator posts monthly updates where they report the REIT index is the leading performer year to date with a 23% gain for 2019.
Also included at the Capital Spectator site is a daily ‘Macro Briefing’ with updated economic data and reports as they are released and revised. The site has been posting since 2005 and is edited by James Picerno where he focuses on the business cycle, portfolio strategy and macroeconomics. Tons of great information to keep you up to speed on the global economy.