Global Update: Monday, January 24, 2011

Last week we saw the following actions take place across global markets:
  • The year has started off with Europe at the top, followed by the US. Basically, returns have flip-flopped from last year, which we do not expect to last.
  • Large Caps are leading up about 2%, while Small Caps are down just over 1% for 2011.
  • The large US indices are on top this month so far, while the broader indices are lagging. With the market having run so far in Midcaps and Small Caps, it may be time for Large Caps to give us some momentum.
  • Energy has started off with a bang, up 3.4% YTD to lead all sectors. Telecom and Basic Materials are the two negative sectors for the year.
  • The year has started off with a pause for the countries that performed well last year, and with a bang for the worst performers from 2010. Spain and Greece lead all countries for the year.
  • Cotton continued its climb in 2011, as Silver and Gold have paused from their runs.

To view this week's complete Weekly World Wrap, click here.

Keith Hays

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