Where did investors find good news ? In many places in fact earnings have been very strong and valuations have improved in a number of segments of the market. The materials sector led the way , rising 35 % year to date (ytd) . Surging profits and consolidation conspired to generate spectacular returns during the past period.
A longer list of sectors performed roughly in line with the overall markets. Industrials , Telecom , Financial and Consumer Disctetionary have all provided excellent total returns. The news was also good for small caps, which are up 14 % on a weighted basis. For all these parts of the market it is a combination of improved earnings and valuations that have produced overall attractive returns, not to mention the ongoing consolidation activity in many aras.
Can earning trend higher ??? Will valuations continue to expand and grow ? What impact is consolidation having on the market >?? What are the significant risks ?
www.forexforexforexforex.com
Leave a comment
Trackback URL for this entry | Commentfeed