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 J. PINK ASSOCIATES, Inc.,
FINANCIAL ADVISORS
555 Taxter Rd. Suite 190 Ph- (914)524-7770
Elmsford, NY 10523 Fax- (914)524-7771
500 Summit Lake Dr. Suite 120 Valhalla, NY 10595 |
Weekly Market Review
for the week of - 4/04/2011 |
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| Greetings! |
Here is your weekly tip - Review your home and auto insurance, it might just reduce your insurance costs. Many insurance companies will offer you a discount, often significant, in the premium you pay when you bundle your coverage with them. One of the best ways to be sure you have adequate coverage is to have your insurance agent do a review every year or so. Although we do not handle these lines of insurance, we can certainly introduce you to a fantastic P&C agent. |
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Market Commentary |
 Stock investors are rarely satisfied, but when the 1st quarter of 2011 ended last Thursday (3/31/11), it was hard not to feel some contentment. In spite of what can be described as 3 turbulent months in terms of civil unrest that occurred in multiple countries worldwide, catastrophic weather of historic proportions and Washington political discord that has become the norm, the S&P 500 completed the month of March 2011 up +5.9% YTD (total return), surprisingly its best opening quarter to any calendar year since 1998 (source: BTN Research).
Economists have been frustrated at the pace of hiring by US employers as our country works its way out of the 2007-09 recession. The +216,000 new jobs that were created nationwide in March were welcomed news, but the 8.8% national unemployment rate remains well above the pre-recession jobless level of 5%. Employers are getting by just fine with fewer workers, evident by the +38% increase in annual corporate profits nationwide on a year-over-year basis (source: S&P).
It will be one more race to a Friday deadline in Washington this week as Republicans and Democrats debate yet another spending measure for the current fiscal year. The clock runs out on the latest "continuing resolution" on 4/08/11. There were signs late last week that indicated a compromise was in the works that would have the 2 parties "split the difference" on the $51 billion of spending cuts that separate their proposals (source: Congress).
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Notable Numbers | |
1. THIS YEAR AND LAST YEAR - The S&P 500 is up +5.9% YTD as of 3/31/11. The S&P 500 was up +5.4% YTD as of 3/31/10. For all of calendar year 2010, the S&P 500 gained +15.1%. The S&P 500 has gained an average of +9.7% per year (total return) over the last 50 calendar years (i.e., 1961-2010). The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market (source: BTN Research).
2. THE GOOD AND THE BAD - The best 1-day performance for the S&P 500 during the first quarter 2011 occurred on 3/03/11 when the stock index gained +1.7% (total return). The worst 1-day performance for the S&P 500 during the first quarter 2011 took place on 2/22/11 when the stock index lost 2.1%. The worst day occurred on the first trading day following the highest close of the year (so far) for the index (1343) which took place on Friday 2/18/11 (source: BTN Research).
3. MORE TO CLIMB - As of last Thursday's (3/31/11) closing value of 1326, the S&P 500 is still 18% below its all-time closing high of 1565 set on 10/09/07 (source: BTN Research).
4. RE-DEFAULT- 25.2% of home mortgages modified by lenders during the 4th quarter 2009 were 90 days or more delinquent just 1-year later (source: Office of the Comptroller of the Currency). |
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As always, if there's anything we can help you with, please feel free to call the office anytime.
I hope you have a great week.
Sincerely,
John
John W. Pink, Sr.
J. Pink Associates, Inc.,Financial Advisors |
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At J. Pink Associates, we do comprehansive financial planning and wealth management for families and small businesses by getting to know the unique details of your financial
world and thoughtfully crafting a strategy to identify and support your goals.
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This material represents as assessment of the market and economic environment as a specific point in time and is not intended to be a forecast of future events, or a guarantee of future events, or a guaranteew of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed by NFP Securities, Inc. as to accuracy, does notpurport to be complete and is not intended to be used as a primary basis for investment decisions. It should also not be construed as advice meeting the particular investment needs of any investor. The indices mentioned are unmanaged and cannot be directly invested into. Part performance does not guarantee future results. The S&P 500 is an unmanaged index of 600 widely held stocks that is generally considered representative of the US stock market.
NFP Securities, Inc. does not provide legal or tax advice.
Securities and Investment Advisory Services offered through NFP Securities, INc. a Broker/Dealer, Member FINRA/SIPC and a Federally Registerd INvestment Advisor.
NFP Securities, Inc. does not offer tax or legal advice NFP Securities, Inc. is not affiliated with J. Pink Associates, Inc., Financial Advisors. |
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