Saturday, January 16, 2010

World Stocks Bonds Advance

Stocks around the world have gotten off to a great start this year. Chile (ECH, +9.6%), Austria (EWO, +8.7%) and Russia (RSX, +8.6%) thus far have led the charge.

The US, overall, has gained 2.1% with MicroCap Stocks (IWC, +3%) outperforming. Value stocks, which lagged growth stocks in 2009, have outpaced Growth stocks thus far.

The Commodity Index (GSG, -0.2%) is the only laggard in the benchmark table. This is despite the fact that the dollar has continued to decline in 2010 (UUP, -1.3%).




(click on tables to view)



INDUSTY PERFORMANCE



Industrials have led thus far in 2010 propelled by Boeing (BA, +12.4%) and US Steel (X, +12.6%). Energy, Healthcare and Financials have also shown strength thus far in 2010. Overall, technology has lagged despite a 12% surge from Omnicell (OMCL, +12.1%). Profit taking in stocks that moved sharply last year, i.e., Priceline (PCLN, -4.4%), have held this sector down.


WINNERS ABOUND



All of our top ten stocks have displayed double digit growth this year with MGM-Mirage surging 32%.

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