Total Returns % 1 Week 1 Month 3 Month 1 Yr Avg 3 Yr Avg 5 Yr Avg YTD
Dow Jones 2.99 -1.36 2.59 14.86 -5.14 2.70 2.12
NASDAQ 3.72 -2.18 -3.01 12.63 -4.89 0.85 -1.56
S&P 500 3.80 -1.17 0.68 12.32 -7.08 0.15 0.41
Russell 2000 4.34 -1.76 -3.28 15.86 -5.36 0.73 3.70
MSCI All Country World 3.82 -1.70 4.33 7.89 -9.37 -0.26 -2.58

Data through 09-03-10 

You probably have heard a lot about the threat of a “double-dip” in the market lately.  August 2010 was the worst August in the equity market since 2001.  Combine that with the fact that September is typically a weak month for the stock market, and things were definitely not looking good.  Luckily, investor sentiment picked up to kick-off the month of September and put an end to the three-week losing streak.  The good week was due to the release of better than expected manufacturing, retail and labor data.  The data showed signs of a modest economic recovery.  The numbers aren’t necessarily strong, but they aren’t consistent with the start of a double-dip recession either.

I still believe the market could rise just as easily as fall at this point.  In addition to the US unemployment data, I am also closely watching global news.  Reports out of India and China last week showed strong expansion in their respective manufacturing sectors, and the Europe Central Bank raised its growth forecast for 2010. 

As always, I will be keeping a close eye on the markets, and am looking for buying opportunities as they arise.

Would you like an analysis of your current investment portfolio to see if my strategy would work for you?  Call me to schedule your free consultation- 913-693-7918.

John P. Chladek, MBA, CFP® is the President of Chladek Wealth Management, LLC, a fee-only financial planning and investment management firm specializing in helping families and couples who are not yet retired realize their financial goals.  For more information, visit https://www.chladekwealth.com.

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