Banach Wealth Management June 30, 2010 Letter
First Half 2010 Weak Financial Markets Review
Expect Second Half Trading Range Bound Market
Key Points
- 2010 Year to date Total Returns
S&P 500 (1030) -7%
U.S. 10 Yr. Bond (2.94%) 8%
NASDAQ (2109) -7%
Foreign (EAFE) Stocks -16% - U.S. GDP expected expansion = 3%
- 2010 earnings expected increase = 34%
- Stock market correction after 14 mo. advance
- Economic recovery in process