Global Markets Update: Monday, May 2, 2011

Over the last week, the follwing actions have taken place across the world and its markets:
  • The world is relieved and reflective as word is out that Bin Laden is dead.  The world has become a better, more democratic place since 2001.  Through technological innovations, people around the world can see a better way of life.  People will no longer stand for oppression when they know they do not have to.  The world is becoming smaller and better.
  • Germany had another great week last week leading all G7 countries.  It is now up 32.8% over the last one year.  The US is up 13.5% over one year, beating only Japan of the G7s.  However, most developed countries are bouncing back from a bad year in which the US outperformed.
  • Most US stock indices were up about 2% last week.  That places Mid Caps up 11.9%, Small Caps up 10.2% and Large Caps up 8.4% for 2011.  Energy leads all US sectors this year, followed by Healthcare and Industrials, a distant 2nd and 3rd.

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

Keith Hays & Justin Wood

Please see important disclosures at the bottom of this page.