Tuesday, September 21, 2010

Fisher Capital Management: Market Performance - US Economy

Seoul, South Korea -- (SBWIRE) -- 08/29/2010 -- Fisher Capital Management Report, Part 1 - Output growth exceeded what were once considered lofty expectations during the third quarter, as real GDP (inflation adjusted Gross Domestic Product) rose by a 3.5% annual pace from the previous quarter....

Fisher Capital Management: Market Performance

Market Performance: Fisher Capital Management - Stocks closed lower in October for the first time in seven months, as investors questioned whether the huge rally off the March lows had exceeded the economy's ability to generate growth in output and profits.

Indeed, equities capped off a volatile month (the Dow Jones Industrial Average (DJIA) experienced triple-digit moves in ten trading sessions!) with a volatile week, as the S&P 500 Index experienced its worst five-day span since early July.

For the month, the DJIA eked out a fractional gain, while all the other major equity market indices suffered losses. Small cap stocks, which had been among the performance leaders of the seven-month rally, experienced the worst hit, with the Russell 2000® Index falling by almost 7 percent. In another sign that the market may be growing skeptical of the "higher risk, higher reward" strategy, the NASDAQ Composite Index, dominated by technology holdings, declined 3.6 percent for the month.

Market Performance: Fisher Capital Management - Yet perhaps emblematic of the struggles experienced in the markets recently, growth stocks outperformed value in October, contradicting the idea that the pursuit of "risk" had become out of favor over the past several weeks. Moreover, the weakness in U.S. markets failed to extend beyond our borders last month, as developed markets (MSCI EAFE) experienced just a fractional loss, while the emerging markets (MSCI EM) managed to rise by up to 1 percent, adding to their impressive year-to-date (YTD) returns.

From a sector perspective, two of the three leading performers off the March lows (financials and materials) declined by the largest amounts in October, as investors appeared to lock in gains of approximately 150 percent for the financials sector and 75 percent for the materials sector. Despite the weakness in the technologyladen NASDAQ Composite last month, the higher-quality and larger-cap tech names comprising the S&P 500 Index's information technology sector simply dropped fractionally. Rising oil prices pushed the energy sector higher by 3 percent, and the "defensive trade" was still evident within the consumer staples sector, which held on for a 1 percent gain.

Market Performance: Fisher Capital Management - In other asset classes, fixed-income was mixed last month. The yield on the 10-year Treasury note backed up by seven basis points, as traders likely moved funds elsewhere as the Federal Reserve concluded its $300 billion Treasury purchase program. The dollar continued to weaken, hovering near 14-month lows, which helped drive up the prices for oil, gold, and most commodities.

Fisher Capital Management, Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world. As a full service company Fisher Capital Management, Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

Market Overview December 2009 Fisher Capital Management

Market Overview December 2009: Fisher Capital Management - Stocks closed lower in October for the first time in seven months, as investors questioned whether the huge rally off the March lows had exceeded the economy’s ability to generate growth in output and profits.



Indeed, equities capped off a volatile month (the Dow Jones Industrial Average (DJIA) experienced triple-digit moves in ten trading sessions!) with a volatile week, as the S&P 500 Index experienced its worst five-day span since early July.



For the month, the DJIA eked out a fractional gain, while all the other major equity market indices suffered losses. Small cap stocks, which had been among the performance leaders of the seven-month rally, experienced the worst hit, with the Russell 2000® Index falling by almost 7%. In another sign that the market may be growing skeptical of the “higher risk, higher reward” strategy, the NASDAQ Composite Index, dominated by technology holdings, declined 3.6% for the month.



Market Overview December 2009: Fisher Capital Management - Yet perhaps emblematic of the struggles experienced in the markets recently, growth stocks outperformed value in October, contradicting the idea that the pursuit of “risk” had become out of favor over the past several weeks. Moreover, the weakness in U.S. markets failed to extend beyond our borders last month, as developed markets (MSCI EAFE) experienced just a fractional loss, while the emerging markets (MSCI EM) managed to rise by up to 1%, adding to their impressive year-to-date (YTD) returns.



From a sector perspective, two of the three leading performers off the March lows (financials and materials) declined by the largest amounts in October, as investors appeared to lock in gains of approximately 150% for the financials sector and 75% for the materials sector. Despite the weakness in the technologyladen NASDAQ Composite last month, the higher-quality and larger-cap tech names comprising the S&P 500 Index’s information technology sector simply dropped fractionally. Rising oil prices pushed the energy sector higher by 3%, and the “defensive trade” was still evident within the consumer staples sector, which held on for a 1% gain.



Market Overview December 2009: Fisher Capital Management - In other asset classes, fixed-income was mixed last month. The yield on the 10-year Treasury note backed up by seven basis points, as traders likely moved funds elsewhere as the Federal Reserve concluded its $300 billion Treasury purchase program. The dollar continued to weaken, hovering near 14-month lows, which helped drive up the prices for oil, gold, and most commodities.



Fisher Capital Management Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.

As a full service company Fisher Capital Management Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

Fisher Capital Management: Market Performance

Seoul, Korea, Aug 30 2010 - Market Performance: Fisher Capital Management - Stocks closed lower in October for the first time in seven months, as investors questioned whether the huge rally off the March lows had exceeded the economy’s ability to generate growth in output and profits.

Indeed, equities capped off a volatile month (the Dow Jones Industrial Average (DJIA) experienced triple-digit moves in ten trading sessions!) with a volatile week, as the S&P 500 Index experienced its worst five-day span since early July.

For the month, the DJIA eked out a fractional gain, while all the other major equity market indices suffered losses. Small cap stocks, which had been among the performance leaders of the seven-month rally, experienced the worst hit, with the Russell 2000® Index falling by almost 7%. In another sign that the market may be growing skeptical of the “higher risk, higher reward” strategy, the NASDAQ Composite Index, dominated by technology holdings, declined 3.6% for the month.

Market Performance: Fisher Capital Management - Yet perhaps emblematic of the struggles experienced in the markets recently, growth stocks outperformed value in October, contradicting the idea that the pursuit of “risk” had become out of favor over the past several weeks. Moreover, the weakness in U.S. markets failed to extend beyond our borders last month, as developed markets (MSCI EAFE) experienced just a fractional loss, while the emerging markets (MSCI EM) managed to rise by up to 1%, adding to their impressive year-to-date (YTD) returns.

From a sector perspective, two of the three leading performers off the March lows (financials and materials) declined by the largest amounts in October, as investors appeared to lock in gains of approximately 150% for the financials sector and 75% for the materials sector. Despite the weakness in the technologyladen NASDAQ Composite last month, the higher-quality and larger-cap tech names comprising the S&P 500 Index’s information technology sector simply dropped fractionally. Rising oil prices pushed the energy sector higher by 3%, and the “defensive trade” was still evident within the consumer staples sector, which held on for a 1% gain.

Market Performance: Fisher Capital Management - In other asset classes, fixed-income was mixed last month. The yield on the 10-year Treasury note backed up by seven basis points, as traders likely moved funds elsewhere as the Federal Reserve concluded its $300 billion Treasury purchase program. The dollar continued to weaken, hovering near 14-month lows, which helped drive up the prices for oil, gold, and most commodities.


Fisher Capital Management Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.
As a full service company Fisher Capital Management Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

Fisher Capital management
Gangnam-Gu, Seoul,
Korea 135-909
fax +82 2 3782 4624
tel +82 2 3782 4623

Fisher Capital Management Reports: International Equities

The third quarter saw double-digit returns for the world¹s equity markets. U.S. large-cap stocks, as measured by the Russell 1000 Index, rose 16.07%, bringing that index’s year-to-date return to 21.08%. Mid-cap stocks were the best performers overall, with the Russell Mid-Cap Index gaining 20.62% for the third quarter and 32.63% for the year. Value stocks bounced back during the quarter, outperforming growth stocks across the full range of market capitalizations. Small-cap value stocks were the best performers for the quarter but still lagged their small growth counterparts by almost 13 percentage points for the year.


International Equities: Fisher Capital management, Korea reports: International equities posted double-digit gains for the third quarter as well. The MSCI EAFE IMI Index gained 19.82% in the third quarter, with local-currency average market returns of 15.10% boosted by the weak performance of the U.S. dollar.

Emerging markets produced another strong quarter, but one that was more in line with developed market returns than was the case during the second quarter of 2009, as the MSCI Emerging Market IMI Index rose 21.30% for the third quarter. Both developed and emerging markets were driven higher by the strong performance of European equity markets, while Asian markets, particularly in Japan, lagged.

Fisher Capital Management Outlook: At the end of the quarter, markets reacted negatively to mixed economic news, signaling a potential correction off the recent highs. The strong rally since the market’s low of March 9, 2009 has left observers wondering whether rapidly-rising stock valuations have become prematurely rich and earnings expectations somewhat stretched.

While we are cautious about the performance of the market in the short term, we continue to expect a slower, but more robust and sustained, “smile-shaped” economic recovery in the long run.

Many financial institutions talk about wealth management.

Few have the resources to deliver an integrated solution. We are among the few.

Providing a client service that is second to none. Learn how your Investment Advisor, with the support of the team of professionals at Fisher Capital, can help address the issues you face while preserving, enhancing and transferring your wealth...Diversification and quality are our research guidelines. At Fisher, we are committed to a long-term investment philosophy that emphasizes quality and diversification. We do business this way because years of experience have convinced us that...

We find the right investment balance for our clients. Fisher leads the way in the provision of first class advisory services across the investment spectrum. Our clients range from private individuals, to intermediaries and global institutions...

Fisher Capital Management, Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.
As a full service company Fisher Capital Management, Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

By: fishercapital

Fisher Capital Management: Market Performance from Netvibes

Home Contact Companies Agencies FAQ Service Submit Your Press Release Feed config My Account Sign Up Login Email Password Sign up forgotten Password? Business Education Entertainment Health Legal Lifestyle Politics Religion Science Sports Technology Home → Business → Fisher Capital Management August …

Fisher Investments’ Solutions for High Net Worth Investors

Building wealth
You've worked hard to build wealth—wouldn't it be nice to have your wealth now work for you? We create solutions to help our clients manage and build wealth over the long term.

The process starts by discussing your financial goals and determining what value (the terminal value objective) you wish to target for your assets at a particular future time. We then select a strategy defined by an investment benchmark to efficiently maximize the probability of achieving that objective (for example: building wealth) over the respective time horizon.

While keeping in mind the long-term strategy that seeks to fulfill your terminal value objective, we will build and then dynamically manage a portfolio which adjusts risk and return characteristics depending on our forward-looking view of market conditions.

We utilize proprietary capital markets technologies to help us enhance return to build wealth in favorable market conditions and determine when to get defensive quickly in case of foreseeable market downturns. Such flexibility in active portfolio management is not often available in conventional investment products like mutual funds, which might always be fully invested.

With our extensive research capabilities, commitment to developing ever-improving capital markets technology, and superior customer service, we provide a full-service solution to build wealth over time. We strive to efficiently and effectively grow your assets over the long term, build wealth based on your personal objectives, all while adding value through proactive asset management.

Managing assets for retirement and beyond
Will you or do you rely on your investments to support you in retirement? Is your current investment strategy meeting your retirement needs? Retirement costs are increasing rapidly as medical breakthroughs and active lifestyles enable people to live longer. We manage investments for thousands of individuals, helping them achieve their goals of making their assets last through retirement and ideally leave excess for others.

To formulate an optimal strategy, we take into consideration longevity, cash flow requirements, how much you would like to leave to the next generation, and other factors that can affect your retirement savings. We work with you to assess your current and future living expenses to determine what investment rate of return you will likely require to maintain your desired standard of living for you and your family. We then build and manage a portfolio to accommodate your cash flow needs while striving to grow or protect your assets based on your investment objectives.

Many clients must plan for the care of a surviving spouse and/or heirs. Our management style provides a seamless relationship transition as well as continued management over the assets—something the beneficiaries may not be prepared to take on themselves.

In the event that it is time for your assets to transfer to another, we can facilitate your wishes whether they are to assist your surviving spouse in retirement, transfer assets to an heir, donate them to a philanthropic organization, or whatever you would have done with your portfolio.

Leveraging professional money management
Effective money management and investment success require more than luck—it takes specialized research and analytical capabilities, knowledge of the marketplace, and an in-depth understanding of how historical patterns can guide the probabilities of future outcomes. Information overload, volatile markets, seemingly endless investment choices, and a 24/7 business week can be time prohibitive for the average investor to independently invest wisely.

Our core competency is money management in securities markets. We have decades of cumulative experience investing billions of dollars, based on tens of thousands of hours of research to ensure we know our business. We understand there aren't enough hours in the day for you to fulfill your own professional or personal obligations and keep up with the securities markets.

Our dedicated research team is committed to innovating capital markets technology to keep ahead, enabling us to invest money more wisely than ever before. Leveraging this research and experience, we have established a positive reputation in the money management industry and one of the most admired client bases in the private client community.

If your money management needs require solutions like these, please give us a call at 1-800-587-5512. We'll show you what a world-class money manager can do for you and your family.

Monday, September 20, 2010

Market Overview December 2009: Fisher Capital Management

Market Overview December 2009: Fisher Capital Management - Stocks closed lower in October for the first time in seven months, as investors questioned whether the huge rally off the March lows had exceeded the economy’s ability to generate growth in output and profits.
Indeed, equities capped off a volatile month (the Dow Jones Industrial Average (DJIA) experienced triple-digit moves in ten trading sessions!) with a volatile week, as the S&P 500 Index experienced its worst five-day span since early July.
For the month, the DJIA eked out a fractional gain, while all the other major equity market indices suffered losses. Small cap stocks, which had been among the performance leaders of the seven-month rally, experienced the worst hit, with the Russell 2000® Index falling by almost 7%. In another sign that the market may be growing skeptical of the “higher risk, higher reward” strategy, the NASDAQ Composite Index, dominated by technology holdings, declined 3.6% for the month.

fisher capital management - tips for fisher capital management, guides for fisher capital management

4th Annual Lexus Santa Monica 5000 Presented by Ed Hardy Sport Announces Additional Sponsors: Sports

4th Annual Lexus Santa Monica 5000 Presented by Ed Hardy Sport scheduled 10/11/09 announces additional sponsors: Sports Retailer Top To Top, media partners CBS 2/KCAL 9, financial partner Caltius Capital Management

by edhardy On September 22,2009 | Product Reviews

How Employers Find the Best Talent in the Communities They Serve

Mark S. Andrekovich, Chief of Human Capital and President of MAXIMUS Tax Credit & Employer Services, and Jim Lanzalotto, Principal of Scanlon.Louis will be speaking at onrec Expo 2010, the Largest Global Gathering of Corporate Recruiting Leaders, in Chica

by Onrec On June 14,2010 | Business

Consumer Stocks: Can the Rally Last?

The consumer discretionary sector has had an impressive uptick, but the easy gains may have already been made

by Ben Steverman On May 8,2009 | Investing

eDreams - Online Travel Portal

The leading online travel service company, eDreams is based in Barcelona, Spain and Italy offers services such as hotels, flights and travel package deals with 10 years of experience.

by Dennis Hopper On August 12,2009 | Travel

Learning Light spots key learning and development trends at Learning 2009

Learning Light identifies key learning technology trends in the USA, from attending Elliot Masie’s Learning 2009 conference, held in Florida in November.

by Bob Little On December 17,2009 | Education

Dig a Little Deeper When Changing Broker-Dealers

Why what you don’t ask when changing brokerage firms may be even more important than what you do ask.

by turner08 On July 19,2010 | Book Reviews

Group Session Anger Management Classes Now Available!

Valley Anger Management, an anger management and domstic violence counseling facility is now offering Wednesday group sessions. For more informaton please visit http://www.valleyangermanagement.com

by Anger Management On June 7,2009 | Self Improvement

“The Handmade Toy Alliance reacts to the CPSC settlement with Mattel and Fisher-Price”

The Handmade Toy Alliance shares their reaction to the $2.3 settlement with Mattel and Fisher-Price over violations of the federal lead paint ban.

by craftybaby On June 8,2009 | Other

CAPITAL CORP MERCHANT BANKING AND GILLES HERARD JR INTRODUCE NEW MEMBER TO LEGAL COUNSEL

Capital Corp Merchant Banking proudly announces the newest member of the team...

by Gilles Herard Jr On June 17,2009 | Business

WASTE MANAGEMENT- ALMITRA H. PATEL vs UNION OF INDIA (A CASE STUDY)

In this article i have discussed about the case Almitra H. Patel vs. Union of India . In this project I have researched on a very leading case Almitra H. Patel v. Union of India, which relates to legal aspects of Waste Management in our country.

by Ankur Mishra On August 5,2009 | Legal

Automated Attendance Management

Attendance management automatically accumulates attendance data from the time attendance device, helps in efficient employee scheduling and manpower allocation, overtime handling & leave management.

by Biju George On September 17,2009 | Business

Viant Capital Advises 3Tera on its Strategic Sale to CA

SAN FRANCISCO, CA – March 25, 2010 -- Viant Capital announced that it acted as financial adviser to 3Tera, Inc.

by quinne1978 On April 27,2010 | Business

Investment Banking Firms Viant Capital and Vrolyk & Company Agree to Combine Forces

San Francisco investment banking firms Viant Capital LLC and Vrolyk & Company LLC announced their combination today creating a premier investment banking franchise.

by quinne1978 On April 27,2010 | Business

Channel Management Solutions: SaaS Sales Channel Analytics

Channel management solutions have changed from old school Sales Channel Analytics Software to SaaS or “Software as a Service” Models known as “Online Sales Channel Analytics”, “hosted Sales Channel An

by maria lopez On May 23,2010 | Business

Fisher Capital Management Reports: International Equities

International Equities: Fisher Capital management, Korea reports: International equities posted double-digit gains for the third quarter as well. The MSCI EAFE IMI Index gained 19.82% in the third quarter, with local-currency average market returns of 15.10% boosted by the weak performance of the U.S. dollar.

Emerging markets produced another strong quarter, but one that was more in line with developed market returns than was the case during the second quarter of 2009, as the MSCI Emerging Market IMI Index rose 21.30% for the third quarter. Both developed and emerging markets were driven higher by the strong performance of European equity markets, while Asian markets, particularly in Japan, lagged.

Fisher Capital Management Outlook: At the end of the quarter, markets reacted negatively to mixed economic news, signaling a potential correction off the recent highs. The strong rally since the market’s low of March 9, 2009 has left observers wondering whether rapidly-rising stock valuations have become prematurely rich and earnings expectations somewhat stretched.

While we are cautious about the performance of the market in the short term, we continue to expect a slower, but more robust and sustained, “smile-shaped” economic recovery in the long run.

Many financial institutions talk about wealth management.

Few have the resources to deliver an integrated solution. We are among the few.

Providing a client service that is second to none. Learn how your Investment Advisor, with the support of the team of professionals at Fisher Capital, can help address the issues you face while preserving, enhancing and transferring your wealth...Diversification and quality are our research guidelines. At Fisher, we are committed to a long-term investment philosophy that emphasizes quality and diversification. We do business this way because years of experience have convinced us that...

We find the right investment balance for our clients. Fisher leads the way in the provision of first class advisory services across the investment spectrum. Our clients range from private individuals, to intermediaries and global institutions...

Fisher Capital Management, Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.
As a full service company Fisher Capital Management, Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

Market Overview December 2009: Fisher Capital Management

Market Overview December 2009: Fisher Capital Management For the month, the DJIA eked out a fractional gain, while all the other major equity market indices suffered losses. Small cap stocks, which had been among the performance leaders of the seven-month rally, experienced the worst hit, with the Russell 2000® Index falling by almost 7%. In another sign that the market may be growing skeptical of the “higher risk, higher reward” strategy, the NASDAQ Composite Index, dominated by technology holdings, declined 3.6% for the month. Market Overview December 2009: Fisher Capital Management - Yet perhaps emblematic of the struggles experienced in the markets recently, growth stocks outperformed value in October, contradicting the idea that the pursuit of “risk” had become out of favor over the past several weeks. Moreover, the weakness in U.S. markets failed to extend beyond our borders last month, as developed markets (MSCI EAFE) experienced just a fractional loss, while the emerging markets (MSCI EM) managed to rise by up to 1%, adding to their impressive year-to-date (YTD) returns. From a sector perspective, two of the three leading performers off the March lows (financials and materials) declined by the largest amounts in October, as investors appeared to lock in gains of approximately 150% for the financials sector and 75% for the materials sector. Despite the weakness in the technologyladen NASDAQ Composite last month, the higher-quality and larger-cap tech names comprising the S&P 500 Index’s information technology sector simply dropped fractionally. Rising oil prices pushed the energy sector higher by 3%, and the “defensive trade” was still evident within the consumer staples sector, which held on for a 1% gain. - Wikio

* aaliyaabbott10 * Fisher Capital Management: Market Performance - US Economy

Fisher Capital Management Report, Part 1 - Output growth exceeded what were once considered lofty expectations during the third quarter, as real GDP (inflation adjusted Gross Domestic Product) rose by a 3.5% annual pace from the previous quarter. To be sure, this was the first gain in economic activity after four consecutive quarterly declines in GDP.

Market Overview First Quarter: Fisher Capital Management

Online PR News – 07-June-2010 – India is in a sweet spot. The central government budget which set the tone for reducing fiscal deficit and an unexpected increase in the policy rate to rein in inflation has convinced the markets and economists that India is on its way to having a robust economic growth. Industrial output also continued to grow at a fast pace in January as companies produced more cars and cement. In the fiscal year 2011 that ends in March 2011, GDP growth of 8.5% is achievable. Long-term predictions for the southwest monsoons are expected to be normal, giving a boost
to agricultural production and domestic demand.

Inflation in India has been surging, driven by a low base and high food prices as the weakest monsoon rains in 37 years last year hurt farm output. Inflation running at 8.5% may have peaked and it is expected to ease by April as the winter-sown crop comes to market. The year-on-year inflation rate for food articles was 16.22% in the week ending March 13, far above the comfortable zone for the central bank and the government. In order to manage the inflationary expectations, the central bank increased overnight lending and borrowing rates by 0.25 percentages point each, making it one of the first major central banks to raise rates. The central bank further announced that it would continue to roll back its loose monetary policy to manage prices, as the country can’t have sustained strong growth with high inflation.
We expect a 0.25-percentage-point rate hike in mid-April and another increase of one percentage point through March 2011.

Fisher Capital Management Korea News: The rebound in industrial activity also saw a surge in India’s exports for the third month running in January. Exports in January rose 11.5% from a year earlier to $14.34 billion, after having increased 9.3% to $14.61 billion in December. Imports increased 35.5% in January to $24.70 billion while oil imports rose by 56% to $7.05 billion. Non-oil imports, a barometer of investment activity, grew 28.8% to $17.65 billion.

On the back of robust economic numbers and policy pronouncements, the rating agency Standard & Poor’s raised its rating outlook to stable, expecting the fiscal situation to recover and growth to remain strong in the coming years. The government’s commitment to follow the recommendations of the 13th Finance Commission, as well as its move to reduce fertilizer subsidies and raise domestic fuel prices were taken as positive indicators. The country’s external position continues to be in a comfortable zone.

It is unlikely that India will benefit from the Google-China spat as the Indian government will not provide the kind of benefits China extends to the manufacturing sector in China. But some relocation is likely to emerge. For example, American companies GoDaddy and Dell have threatened to pull out of China and relocate themselves in India.

Fisher Capital Management Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.
As a full service company Fisher Capital Management Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

Market Overview December 2009: Fisher Capital Management

Pressbox (Press Release) -
Market Overview December 2009: Fisher Capital Management - Stocks closed lower in October for the first time in seven months, as investors questioned whether the huge rally off the March lows had exceeded the economy’s ability to generate growth in output and profits.

Indeed, equities capped off a volatile month (the Dow Jones Industrial Average (DJIA) experienced triple-digit moves in ten trading sessions!) with a volatile week, as the S&P 500 Index experienced its worst five-day span since early July.

For the month, the DJIA eked out a fractional gain, while all the other major equity market indices suffered losses. Small cap stocks, which had been among the performance leaders of the seven-month rally, experienced the worst hit, with the Russell 2000® Index falling by almost 7%. In another sign that the market may be growing skeptical of the “higher risk, higher reward” strategy, the NASDAQ Composite Index, dominated by technology holdings, declined 3.6% for the month.

Market Overview December 2009: Fisher Capital Management - Yet perhaps emblematic of the struggles experienced in the markets recently, growth stocks outperformed value in October, contradicting the idea that the pursuit of “risk” had become out of favor over the past several weeks. Moreover, the weakness in U.S. markets failed to extend beyond our borders last month, as developed markets (MSCI EAFE) experienced just a fractional loss, while the emerging markets (MSCI EM) managed to rise by up to 1%, adding to their impressive year-to-date (YTD) returns.

From a sector perspective, two of the three leading performers off the March lows (financials and materials) declined by the largest amounts in October, as investors appeared to lock in gains of approximately 150% for the financials sector and 75% for the materials sector. Despite the weakness in the technologyladen NASDAQ Composite last month, the higher-quality and larger-cap tech names comprising the S&P 500 Index’s information technology sector simply dropped fractionally. Rising oil prices pushed the energy sector higher by 3%, and the “defensive trade” was still evident within the consumer staples sector, which held on for a 1% gain.

Market Overview December 2009: Fisher Capital Management - In other asset classes, fixed-income was mixed last month. The yield on the 10-year Treasury note backed up by seven basis points, as traders likely moved funds elsewhere as the Federal Reserve concluded its $300 billion Treasury purchase program. The dollar continued to weaken, hovering near 14-month lows, which helped drive up the prices for oil, gold, and most commodities.

Fisher Capital Management Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.
As a full service company Fisher Capital Management Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.