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02/20/12

Week in Review, Feb. 20

Stocks rose last week, marking the 6th week of advances in the past 7 weeks. The S&P 500 returned +1.5% for the week and is now up +8.2% YTD. Bonds were mostly flat, with the 10 year Treasury yield closing at 2.00% on Friday. International stocks also did well last week - Japan's Nikkei was up +4.9%, Hong Kong shares increased +3.4%, and European stocks rose +1.9%.

Posted at 02:02 PM | Permalink | Comments

02/20/12

BLOG: Eye on Wall Street: Markets off to a good start in 2012

We are starting 2012 on the right foot as the global equity markets are off to their best start in 18 years, according to Bloomberg. Better U.S. economic data, a round of liquidity from global central banks (including the Fed), and signs of improvement in Europe have been catalysts. It also looks like inflation is cooling here and abroad. The accompanying table details the results of the markets in January.

Posted at 02:02 PM | Permalink | Comments

02/13/12

Week in Review, Feb. 13

Stocks lost some ground last week. The S&P 500 shed -0.17% and is now up +6.76 YTD. Bond yields rose slightly with the 10 year Treasury up 6 bps, to yield 1.99%. By the way, three month Treasury bills now yield an eye popping 0.08% - that's up from 0.01% at year end!

Posted at 09:55 AM | Permalink | Comments

02/06/12

Week in Review

Okay, we want the Giants to win on Sunday. Remember if an original NFL team wins (Giants) stocks rise and if an old AFL team wins (Patriots) stocks fall. It has worked 79% of the time! Of course, the last time the Giants beat the Patriots in the Super Bowl was 2008. That didn't work out so well now did it?

Posted at 12:20 PM | Permalink | Comments

01/23/12

Week in Review, Jan. 23, 2012

The S&P 500 gained +1.5% to 1,315 last week and is up +4.6% YTD. Stocks throughout the world are on a tear so far this year. Chinese stocks are up +5.4%, Brazil +9.8%, European names (Stoxx 50) have gained +4.8%. U.S. bonds however have declined in price as yields jumped 15 bp on the 10 year Treasury last week to a 2.03% yield. Better U.S. economic news and less angst in Europe are causal factors.

Posted at 09:41 AM | Permalink | Comments