Think

BDC COMMON STOCKS

Denial

This was the week that the major markets decided not to worry so much about tariffs; global economic slowdown and the threat of war or military intervention just about everywhere.

As a result, the S&P 500 increased 2.79% and the other key indices moved up as well.

BDC COMMON STOCKS

Peculiar

This was a curious week for the broader markets – and for the BDC sector – pulled in different directions.

At the beginning of the week, the major indices were bouncing back from global economic concerns; tariffs troubles, etc.

However, then there was the end of week hardening of the Chinese and U.S. stance and stock market prices went to heck, and bond prices rose.

Just to provide a sense of context, the S&P 500 dropped (1.44%) on the week.

(By the way and just as an FYI, the index is now down 4 weeks in a row).

On Friday alone the S&P dropped (2.6%).

BDC COMMON STOCKS

Up And Down And Across

The week ended August 16, 2019 was a volatile one for the broader markets.

The Dow Jones – by way of example –  had its worst day of the year on August 14, 2019.

Yet, when the dust settled by week’s end, the S&P 500 was down “only” (1.03%).

Still, that 3 weeks in a row to the downside, off (4.59%).