Friday, January 31, 2014

It's The Economy Stupid: January Effect

It ain't the best prognosticator, but more times than not, the "January Effect" (as goes January so goes the year) has been a good litmus test for how the markets are going to do for a year.  Now, having said that, with the stock markets down, now is a better time to invest in equities than last month.  But of course, next month could be a better time to invest than this month.

 

Anyway, here is where we are on January 31st:

 

NAME

LAST QUOTE

CHANGE TODAY

YTD TOTAL RETURN

DOW JONES INDUS. AVG

15666.2

-182.41

-5.3489

S&P 500 INDEX

1775.25

-18.94

-3.8856

NASDAQ 100 STOCK INDX

3506.995

-25.414

-2.2922

NASDAQ COMPOSITE INDEX

4090.751

-32.374

-1.9777

Wilshire5000 TMI FullCap

19059.8

-158.42

-3.2595

RUSSELL 3000 INDEX

1067.86

-11.17

-3.5499

RUSSELL 1000 INDEX

992.22

-10.44

-3.5943

RUSSELL 2000 INDEX

1128.26

-11.1

-3.0120

RUSSELL MIDCAP INDEX

1456.09

-12.87

-2.3482

FTSE ALL-WORLD INDEX

256.84

-2.5

-4.5155

FTSE ALL-WORLD EX US IDX

265.88

-2.42

-5.0796

FTSE DEVELOPED

248.98

-2.56

-4.2586

FTSE ALL-WORLD DEV X US

249.99

-2.55

-4.6620

FTSE Developed Europe

245.03

-3.79

-4.5661

FTSE All-Wrld Dev AP

233.29

-0.64

-4.9366

FTSE Emerging Index

456.56

-1.78

-7.1052

STXE 600 € Pr

319.82

-3.5

-2.5081

STXE TM € Pr

313.42

-3.35

-2.4695

FTSE 100 INDEX

6452.25

-86.2

-4.3460

CAC 40 INDEX

4128.61

-51.41

-3.9864

DAX INDEX

9222.12

-151.36

-3.5243

NIKKEI 225

14914.53

-92.53

-8.4446

HANG SENG INDEX

22035.42

-106.19

-5.4533

TEL AVIV 100 INDEX

1199.66

-3.89

-0.6649

SHANGHAI SE COMPOSITE

2033.083

-16.831

-3.9166

RUSSIAN RTS INDEX $

1301.02

0

-9.8223

 

----------------------

Life is good!  The alternative?  Not so much.

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

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