Marketing Commentary- Q1 2005
What’s Been Happening? Like last year, 2005 has begun with a losing quarter for the major stock indices. Smaller company stock funds fell more than Large Company Stocks, reversing the trend of the past few years. The dollar has begun to recover, especially versus the Yen. International Stocks managed to overcome this currency headwind in the past three months to deliver positive gains, but the margins of recent out performance appear to be shrinking. Real Estate funds (REITS) and commodities funds fell sharply in the first quarter. The perception might be that the easy money has been made in...
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