Global Markets Update: Tuesday, February 22, 2011

Last week, we saw the following actions take place across global markets:

  • In equity markets, the US is up 6.8% in 2011 versus a 3.2% return in broad international markets.  Emerging Markets, and the even smaller Frontier Markets, are
    down for the year.  Almost all markets are up around 20% over the last year, but more recently, emerging has pulled back and developed has surged.
  • Canada and Germany are the best of the G-7 Countries over the last year.  Germany's solid economy in the face of the European debt crisis and Canada's energy
    resources have propelled these countries to the top.
  • Energy, Consumer Discretion, and Industrials are all up over 30% in the last one year.  On the commodity side, it is worth noting that while the Commodity Index
    is up 32%, Silver is up 109% over the last 12 months.  Keep an eye on the 10-Year Treasury as it has spiked to 3.56% of late to bring it to the upper end of the current trend

Also, in the chart below, you can see the one year total returns for each of the broad asset classes.

To view today's complete World Wrap, click here.

Keith Hays

Please see important disclosures at the bottom of this page.