Innovest October 2010 Commentary

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Markets

During October, large-cap domestic stocks, as represented by the S&P 500, finished with a gain of 3.8%.  The S&P 500 gained 13.1% in September and October of 2010, the best back-to-back two month performance since the gain of 15.7% in April and May of 2009.  Of the 134 subsectors that comprise the S&P 500, 80% posted gains in October.  Mid-cap stocks lagged, while small-cap stocks outperformed both large- and mid-cap stocks for the month.  Reversing a trend that began in June, international equities lagged domestic equities, and emerging markets underperformed their developed counterparts during the month.

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