Banach Wealth Management Aug. 31, 2011 Letter

Global and U.S. equity markets decline amid
uncertainty. Are markets pricing a recession?

Key Points

  • August, 2011 YTD Total Returns
    S&P 500 (1218)                      -2%
    US 10 YR Bond (2.23%)          10%
    NASDAQ (2579)                     -3%
    Foreign (EAFE) Stocks            -8%
  • U.S. GDP expected expansion     1.8%
  • 2011 expected earnings increase 16%
  • Stock market - negative correction
  • Questionable economic recovery

Link to full version BWM Letter

 

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