Global Markets Update: Monday, May 7, 2012

It was a rough week across the board last week...
  • Global stocks were down 2.3% last week, with the US down 2.5% and the rest of the world down 2.1%.
  • Emerging markets as a whole were down less than a percent last week; however, Russia was down over 6%, India was down over 3% and Brazil was down 4%.
  • Developed European countries took a big hit last week, with Italy down almost 7%, Germany down just over 5%, and France down around 4%.
  • Financials, Technology and Consumer Discretion continue to lead the US sectors for 2012 each up over 15% this year.  (The next best sector, Industrials, is up just over 7% for the year.)
  • Commodities took a huge hit last week, down 4.5%, which leaves the GSCI basket up only half a percent for the year.

Keith Hays & Justin Wood

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