View the December edition of the Monthly Market Comment for more insight on the market, investing in the U.S. and current monetary policy of the Federal Reserve.
“For the most part, stock prices moved higher in December, bringing the rollercoaster ride of 2011 right back to where it began. The Dow Jones Industrial Average rose 1.43% to end the year at 12217.56. The S&P 500 Index was up 0.85% to 1257.60, while the Russell 2000 Small-Cap Index provided a positive return of 0.48% to close at 740.92. The Nasdaq was the only major U.S. index to decline for the month, dipping 0.58% to 2605.15. The EAFE index of international stocks dropped 1.03%, hurt by the US Dollar which continued its climb against the Euro.”
January Edition: Monthly Market Comment
View the January edition of the Monthly Market Comment for more insight on the market, investing in the U.S. and current monetary policy of the Federal Reserve.
“The market volatility that dominated 2011 dissapated in January, as stocks continued to move steadily higher and are now well above the lows of last fall. The gain of 3.40% by the Dow Jones Industrial Average, which closed the month at 12632.91, was the Index’s best annual start in performance since 1997. The S&P 500 Index fared better, rising 4.36% to 1312.41, marking its best January performance since 1987. The Russell 2000 Small-Cap Index jumped 7% to 792.82, while the NASDAQ was the top performer of the major US indices, soaring 8.01% to close the month at 2813.84. International stocks rebounded as well, as the EAFE Index was higher at month end by 5.25%, closing at 1486.74. The S&P 500 has now recovered from its almost 20% decline between April 29, 2011 to October 3, 2011 which, as we wrote at the time, was most likely a result of fear and loss of confidence than an actual renewed economic decline. At current levels the market is now close to its highest level since June 2008.”
Read the Full Article (PDF)