STOCK INDEX PERFORMANCE
Index Week YTD 12-mo. 2007 5-yr.
DOW JONES 30 (12480) -3.85% -4.92% -5.39% 8.88% 10.21%
S&P 500 (1376) -3.44% -5.52% -7.43% 5.49% 10.08%
NASDAQ 100 (1959) -3.56% -5.85% 4.22% 19.24% 12.06%
S&P 500/Citigroup Growth -2.97% -4.05% -1.82% 9.25% 8.75%
S&P 500/Citigroup Value -3.95% -7.09% -12.77% 2.03% 11.39%
S&P MidCap 400/Citigroup Growth -2.83% 1.16% 1.49% 13.55% 14.33%
S&P MidCap 400/Citigroup Value -2.84% 0.13% -7.25% 2.84% 15.49%
S&P SmallCap600/Citigroup Growth -2.37% -2.36% -6.03% 5.66% 14.73%
S&P SmallCap600/Citigroup Value -2.30% -2.85% -13.87% -5.19% 14.25%
MSCI EAFE -1.38% -2.18% -0.35% 11.76% 20.34%
MSCI World (ex US) -1.31% -1.29% 1.20% 13.04% 20.91%
MSCI World -2.30% -3.09% -2.58% 9.69% 15.30%
MSCI Emerging Markets -2.54% -2.22% 22.80% 39.23% 34.18%
Returns are total returns. The 5-yr. return is an average annual.
One-week,YTD, 12-mo. and 5-yr. performance returns calculated through 05/23/08.
S&P SECTOR PERFORMANCE
Index Week YTD 12-mo. 2007 5-yr.
Consumer Discretionary -5.26% -3.40% -19.19% -13.21% 5.53%
Consumer Staples -1.16% -2.16% 5.30% 14.36% 10.03%
Energy -2.33% 7.07% 25.48% 34.41% 29.32%
Financials -6.13% -14.89% -32.52% -18.52% 3.53%
Health Care -0.79% -10.39% -12.70% 7.32% 4.16%
Industrials -3.92% -4.29% -1.75% 12.04% 13.11%
Information Technology -3.92% -7.47% 0.94% 16.30% 9.83%
Materials -4.89% 5.49% 11.83% 22.53% 19.72%
Telecom Services -3.95% -10.09% -13.58% 11.88% 10.98%
Utilities -0.08% -3.34% 2.75% 19.38% 17.23%
Returns are total returns. The 5-yr. return is an average annual.
One-week,YTD, 12-mo. and 5-yr. performance returns calculated through 05/23/08.
BOND INDEX PERFORMANCE
Index Week YTD 12-mo. 2007 5-yr.
U.S. Treasury: Intermediate 0.09% 2.57% 10.04% 8.83% 3.61%
GNMA 30 Year 0.05% 2.72% 8.24% 6.97% 4.73%
U.S. Aggregate 0.02% 2.09% 7.75% 6.97% 4.02%
U.S. Corporate High Yield -0.15% 1.81% -0.98% 1.88% 8.23%
U.S. Corporate Investment Grade -0.22% 0.60% 3.86% 4.56% 3.38%
Municipal Bond: Long Bond (22+) 0.20% 0.39% 0.27% 0.46% 4.41%
Global Aggregate 0.45% 4.93% 13.59% 9.48% 5.85%
Returns include reinvested interest.The 5-yr.return is an average annual.
One-week,YTD, 12-mo. and 5-yr. performance returns calculated through 05/23/08.
KEY RATES
As of 05/23
Fed Funds 2.00% 5-YR CD 3.59%
LIBOR (1-month) 2.43% 2-YR Note 2.42%
CPI - Headline 3.90% 5-YR Note 3.13%
CPI - Core 2.30% 10-YR Note 3.84%
Money Market Accts. 2.38% 30-YR T-Bond 4.57%
Money Market Funds 1.96% 30-YR Mortgage 5.75%
6-mo. CD 2.74% Prime Rate 5.00%
1-YR CD 3.05% Bond Buyer 40 5.07%
WEEKLY FUND FLOWS
Week of 05/21 Previous
Equity Funds -$1.1 B -$4.3 B
Including ETF activity, Domestic funds reporting net outflows of
-$2.865 B and Non-domestic funds reporting net inflows of $1.802 B.
Bond Funds $2.3 B $1.8 B
Inflows are reported to all sectors except Government Bond funds
investing in Mortgage-backed securities.
Municipal Bond Funds $815 M $695 M
Money Markets $21.971 B $23.471 B
FACTOIDS FOR THE WEEK OF MAY 19TH- MAY 23RD
Monday, May 19, 2008
A recent study by Standard & Poor’s suggests that purchasing insured
municipal bonds may not be worth the added cost since tax-frees rarely
default, according to Bloomberg. S&P looked at 10,268 borrowing entities
since 1986 and found zero defaults among those rated AAA and AA. The
average default rate on A-rated and BBB-rated bonds was just 0.16% and
0.29%, respectively.
Tuesday, May 20, 2008
As of May 15, Canadian income trusts had recovered all of the losses
sustained following the government’s October 31, 2006, announcement it
would begin taxing trusts in 2011 at a rate of 31.5%, according to Bloomberg.
The income trust market is valued at roughly $200 billion. The Standard &
Poor’s/TSX Income Trust Index has rebounded nearly 28% from its low on
January 21, 2008, led by surging oil and commodity prices.
Wednesday, May 21, 2008
Global Insights expects the value of traded goods to increase from $13
trillion in 2007 to $15 trillion in 2008, according to SmartMoney.com. If so,
this would be welcome news for transportation/shipping companies. Freight
shipments started slowing in late 2006. Freight recessions typically last
around six to eight quarters, according to Jon Langenfeld at Robert W. Baird.
Railroads and trucks combined generate roughly $700 billion a year in
revenue.
Thursday, May 22, 2008
Stock buybacks totaled a record $589 billion in 2007, four-and-a-half times
the $131 billion spent in 2003, according to Standard & Poor’s. Buybacks,
however, did not benefit the majority of investors owning shares of financial
companies in 2007. Only 90 financial firms that bought back stock in 2007
finished the year with a share price higher than the average repurchase
price, versus more than 600 that closed the year below their average
repurchase price, according to SNL Financial. It found that 41 firms lost more
than half their value, while another 147 declined between 25% and 50%.
Friday, May 23, 2008
At one point in the early 1990s, the price of uranium fell below $10 per
pound. Since then, the price has risen as much as 1,365% ($138 per pound
high), outpacing the 400% increase in the price of gold, according to Forbes.
Investors to this day cannot physically possess uranium, but can legally own
it on paper. In 2007, U.S. nuclear reactors operated at a record capacity of
91.8% and generated a record 806.5 billion kilowatt-hours of electricity.
Another 40 nuclear reactors could go online worldwide by the end of the next
decade.
The above was gathered by and posted from
FIRST TRUST ADVISORS L.P. • APPROVED FOR PUBLIC USE • 05/27/08
Web link to this and all previous weekly information is
here
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