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Brazil and Oil Among Winning Sectors in U.S. Despite World Turmoil

Stocks in this article: PBR EWZ IJT

NEW YORK (TheStreet) -- I warned last week that the current turmoil in the world was going to get worse before it got better. But the market is still holding up.

The market survived the continuing fighting in Gaza and Iraq and the Malaysian commercial airliner shot down over Ukraine, even though by the end of that Thursday, the market had declined 161 points.

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Still, despite the Federal Reserve chief talking down specific segments of the market, the S&P 600 Smallcap Index ended the week down only 0.50%. Gold, which was down a little more than 2%, has had a big run recently and is likely consolidating.

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