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.
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Keith Hays & Justin Wood
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