Global Markets Update: Monday, January 23, 2012

Last week was a big week for many markets around the globe:
  • The World was up 3.1% last week, with the World x US up 4.0%.  This brings both indices to a positive return around 5% so far for the year.
  • It's very interesting to see Latin America up over 10% so far this year after languishing last year.
  • It was a big week for the crisis countries, as Germany, France and Italy were all up over 6% last week.
  • While the BRICs had a tough year in 2011, they're all up over 9% so far in 2012.
  • Small and Mid Caps are up 5.7% and 5.9%, respectively, so far this year, while Large Caps are up 4.6%.
  • Basic Materials (+9.4%), Financials (+8.9%) and Technology (+6.0%) have started the year as the top US Sectors - quite the opposite from last year's ending performance.

Keith Hays & Justin Wood

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