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Ana Garcia-Navarro is the publisher of AGN Financial Newsletter. Ms. Garcia-Navarro has a first Masters in International Business Administration from Schiller International University, Paris, France and a second Masters in Investment Management from City University in London, UK. She has previously worked as a money manager for high net worth individuals at the New York office of Merrill Lynch International. Ms. Garcia- Navarro is a registered Investment Advisor in the United States. You may visit AGN Capital on the web at: http://www.agnfin.com/news January 30, 1999
Although, we are not out of the woods yet- a deterioration in Latin America next year, due in part to the recent devaluation in Brazil, will be yet another challenge for the U.S. since the percentages for our total exports to Latin America are much larger than had been the case for Asia and slower growth in Latin America will mean lower demand for US made products. Still, the U.S. derives over 70% of its growth from domestic consumption so a strong demand for U.S. made products here in the U.S. will remain key to growth in 1999. Finally, the report for increases in labor costs also came in below economist expectations (a good sign) and was 3.4% for 1998 versus a 3.3 gain for 1997. The 4Q gains were only .7%. For the month of January, the S&P 500 was up 3.1%, small stocks have not done badly as both the small and mid cap indexes are up 2.1% and 2.9% respectively this month. The Dow is once again trailing with a .69% gain for January. Still, the January effect has once again come to pass. January has a statistically distinct performance; with positive returns exceeding those of gains posted in any other month of the year. Also, the growth sector has put in quite a rally, during the past few days and is once again ahead of the value sector-so we continue with last years trend of large cap stocks and a growth style of investing. Favorite sectors for 1999: technology, health, and intent Wishing you a terrific week!
© Copyright 1999, Business Financial Network. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of Business Financial Network. The content provided within Business Financial Network's web sites is provided for informational purposes only, and should not be construed as investment advice. At no such time should information contained on Business Financial Network be considered an offer to buy or sell securities. This analysis is based on publicly-available information, and is in no way warranted by Business Financial Network as to accuracy or completeness. Business Financial Network does not guarantee to advise you as to any change in this information. Business Financial Network owners, editors, management, and contributors may currently be stockholders in this Company as the result of purchasing its stock on the open market. Business Financial Network may from time to time purchase or sell this Company's securities on the open market. Business Financial Network otherwise has no affiliation with this Company. Business Financial Network is not compensated by the in any way whatsoever by the company for issuing or distributing this report. |
