Global Markets Update: Monday, December 12, 2011

Time is ticking on the various global stock markets as the year is coming to a close:
  • Of the five major asset classes that we track, International Stocks are the only group in negative territory over the last one year (total return).
  • As of right now, the US is basically flat for the year, while every other major world region we track is down more than 10% year-to-date.
  • All eyes were on Europe last week, as leaders met to stem the crisis in the region.  Developed European markets were basically flat last week down 0.5%, while Emerging European markets were down 7.9% for the week.
  • The Euro is currently flat year-to-date; however, it has returned 1% against the  US Dollar over the last one year.
  • Emerging Markets, with their booming economies and bright futures, have big losses for the year (down almost 19% on average).  However, these economies are well positioned and becoming a better value each day.
  • Utilities and Consumer Staples continue to lead US Sectors for the year signalling this stock market has not been very healthy.

Keith Hays & Justin Wood

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