USA Snap Shot

International markets were big disappointments yesterday with declines posted in all areas. China took the largest hit dropping 1.72% to 8.90% for the year. Domestically, the U.S. market continued along previous directions with give ups in one area to be offset by gains in others. Large cap gave up 0.30% while mid and small cap advanced 0.04% and 0.09%, respectively. Just slightly half of the sectors lost ground while the others advanced. And, the bond market flipped again between high yield and more stable debt areas. It is a repeat of the previous several weeks as a wait-and-see condition remains in place.