Banach Wealth Management May 31, 2009 Letter
May Markets Review
Case for optimism or caution?
Positive surprises continue
Key Points
- 2009 Year To Date Total Returns
S&P 500 (919) 3%
US 10 Yr Bond (3.46%) -21%
NASDAQ (1744) 13%
Foreign (EAFE) Stocks 5% - US GDP expected contraction = -2.6%
- 2009 earnings expected decline = -14%
- Stock markets have hit bottom as
the economy approaches a low point