Banach Wealth Management Aug. 1, 2009 Letter
July 2009 Month End Markets Review
Economic Recession near End
Key Points
- 2009 Year to Date Total Returns
S&P 500 (987) 10.5%
US 10 Yr Bond (3.50%) -21%
NASDAQ (1978) 25%
Foreign (EAFE) Stocks 11% - U.S. GDP expected contraction -2.4%
- 2009 earnings expected decline -13%
- Stock markets hit bottom in March,
as the economic recession nears an end