Banach Wealth Management June 30, 2011 Letter
2011 First Half Financial Markets Review
Earnings Growth continues to lead
Employment Growth;
U.S. Debt Ceiling and Deficit Agreements
Are Critical for Future U.S. Prosperity
Key Points
- 2011 First Half Total Returns
S&P 500 (1320) 6%
U.S. 10 Yr Bond (3.16%) 2%
NASDAQ (2773) 5%
Foreign (EAFE) Stocks 3% - U.S. GDP expected expansion = 2.6%
- 2011 expected earnings increase 16%
- Stock market prices = trend less
- Abnormal jobless economic recovery