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Chances are some of you are reading this on an Apple iPad. Through April 12th, the world’ most valuable company had surged 653% since the market lows of March 2009, accounting for 8% of the S&P500’s climb. However, the S&P500 has almost doubled since that same time even when Apple is excluded. A look at the perfor- mance of the S&P500 Equal Weighted Index, which gives each com- pany the same contribution regardless of size, has returned 34% annualized over the same period, a full 5.8% more than the capitali- zation weighted S&P500. The conclusion: this has been a broad- based market rally based on strong profit growth. More than 57% of companies listed on the New York Stock Exchange (NYSE) were trading above their 200-day moving average, compared with 7% on October 3rd, the low point for 2011. Apple has no doubt added some excitement to the market but all market sectors have risen. Click on Global Asset Classes: Equities to read more...
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Global stock markets were a mixed bag in March, as gains in the US and Japan were offset by losses in the emerging markets and Europe (excluding Germany). Japan posted an unex- pected trade surplus for February after four straight months of deficits, driven by strong ex- ports to the US. In contrast, Euro-region unemployment rose to its highest level in more than 14 years (10.8%) while manufacturing contracted for an eighth straight month, adding to signs that the region probably slipped into recession in the first quarter. Click on CFAL Global Market Review - March 2012 to read more...
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What do Slovenia, Italy, Czech Republic, Ireland, Greece, Denmark, Portugal, Netherlands, Belgium, UK and Spain all have in common? The answer is they are all in recession. Standard & Poor's (S&P) downgraded Spain by two notches on April 26th in a sign of persistent investor concern over the stability of the Eurozone. The debt dynamics of Spain are rapidly deteriorating as the nation’s bond yields rise. The yield on Spain’s 10-year bond approached 6% in mid-April, renewing concerns that they may be forced to seek an international bailout. CFAL's Global Market Review — April 2012 provides an analyisis of recent trends in the global market...
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The BISX All-Share Index declined this quarter, losing 32.44 points or 2.427 percent to close at 1,376.14. Trading volume increased over the quarter as 803,865 shares crossed the exchange over 298 trades to accumulate a value of $2,842,891.02 compared toQ2 when 586,291 shares crossed the exchange over 296 trades to accumulate a value of $3,567,894.45. Market capitalization increased fell over the quarter by 2.44 percent or $7.909 million to $2.910 billion
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Find out more about the performance of the CFAL family of funds. From our Money Market Investment to Global Equity Fund you can learn how your investments are performing.
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The local market ended this week with 99,475 shares crossing the exchange over 27 trades to accumulate a value of $628,570.77. The BISX All-Share Index gained 6.21 points or 0.463 percent to end the week at 1,346.95. Year to date the Index is down 152.56 points or 10.174 percent. Eight of the nineteen publicly traded companies experienced activity, resulting in three advancers and two decliners. Advancers included Bank of the Bahamas Limited (BOB) up $0.24 or 4.00 percent, Commonwealth Bank Limited (CBL) up $0.07 or 1.08 percent and FOCOL (FCL) up $0.20 or 4.17 percent. Decliners included Consolidated Water (CWCB) losing $0.19 or 10.358 percent and Finco (FIN) losing $0.21 or 4.46 percent.
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Markets improved appreciably after a dismal third quarter, alt-hough the elevated volatility made it difficult for most market participants, including supposedly savvy hedge funds, from cap-italizing on those gains. Investors ended the year frustrated and skeptical after a year in which many realized they had underesti-mated just how unpredictable investing will be in the aftermath of the credit crisis and in the face of ongoing deleveraging in the developed world.
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