Downside volatility in the equity markets continued in early February with the S&P 500 declining -10.27% year to date through February 11th. From the bottom on the 11th, the market has had a strong rally as oil has stabilized and economic news has been positive. The S&P 500 ended down slightly at -0.13% while mid caps shone (S&P MidCap 400 +1.41%). All the major international market indexes were negative.

The U.S. fixed income markets were the real winner this month. The 30 year Treasury was up +3.17%. The Barclays U.S. Corporate High Yield Index staged a stunning late comeback to finish the month up +0.57%.

Past performance is not indicative of future results. This is not financial advice or an offer to sell any product. Clark Capital Management Group, Inc. reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. It should not be assumed that any of the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities discussed herein. Clark Capital Management Group, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Clark Capital’s advisory services can be found in its Form ADV which is available upon request.

CCM-652

downloadPDF