Banach Wealth Management Jan. 28, 2010 Letter
January* 2010 Markets Review
Watch Market Volatility
*written prior to last trading day (Jan. 29)
Key Points
- 2010 Year to date Returns
S&P 500 (1084) -3%
US 10 Yr Bond (3.65%) +2%
NASDAQ (2179) -4%
Foreign (EAFE) Stocks -4% - U.S. GDP expected expansion = 2.9%
- 2010 earnings expected increase = 31%
- Stock markets advanced for 10 months
- Economic upturn strength approaching peak