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Share prices around the world continued to climb during the first quarter of 2010, extending the bull market in stocks beyond its first birthday.
In early April, an important new sign reinforced the view that the U.S. economy is growing once more, if only slowly: The U.S. Labor Department reported that the number of non-farm jobs in America rose by 162,000 in March. |
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In our core presentation, we will review:
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The U.S. Labor Department's encouraging report on employment conditions in March;
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The solid results recorded by broad swaths of the bond market, with the notable exception of U.S. Treasuries; and
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The strong advance in U.S. stocks and the weaker, though still positive, results of international shares.
In the first of our two feature presentations, we'll explore the deleveraging of the U.S. economy and find that significant reductions in household and corporate debts have been almost entirely offset by large increases in government debts. Our second feature will review the rebound in corporate earnings and find that cost-cutting has been key, while revenue growth has been weak.
This presentation on what went on in the 1st Quarter 2010 can be accessed two ways:
1.) Interactive Presentation – click on the link below and you will be taken to the start of the presentation which lasts approximately 10 minutes. You will need audio and preferably a broadband Internet connection to experience the Interactive version as it was meant to be experienced. There is a menu at the top of this presentation which you will see that consists of PLAY, PAUSE, EMAIL US, OPTIONS, and HELP. These functions do the following:
* PLAY – click on this to continue playing after pausing the presentation.
* PAUSE – click on this to pause the presentation at any time.
* EMAIL US – click on this to send us your feedback or comments regarding the presentation. You will be taken to another webpage where you can fill in your information, add comments and send this to us by clicking on the Submit button.
* OPTIONS – scroll over this and you will see three sections you can go to directly – Market Review, Feature Articles, and Also Available… If you would like to jump to a certain section of the presentation, you can do so here by just clicking on that specific section. If you click on the Written Script area, you will be taken to the actual pdf document of the presentation where you can print this out and read at your leisure. This written document covers everything that is talked about in the Interactive Presentation.
* HELP– click on this if you are experiencing problems with the presentation. You will be taken to another webpage where you can fill in your information, describe the problem and send this to us by clicking on the Submit button.
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2.) Written Presentation – click on the link below and you will be taken to the pdf document of the presentation. You can either read this on screen in the box window or print it out in hard copy to read at your discretion (NOTE: You must click on the Print button icon (top toolbar – 2nd to left button) in the box window to print the pdf document). The Written Presentation covers everything that is talked about in the Interactive Presentation minus the audio, graphics, etc. If you are pressed on time and would rather just read the presentation, then this option may appeal more to you.
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We hope you enjoy this quarter’s newsletter. We welcome any feedback, questions or comments you may have about the presentation. If you value this presentation and would like to share it with others, please feel free to forward it to them directly or let us know and we will send it to them on your behalf.
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