Our Take on the First Quarter
Markets showed remarkable resilience in the face of global crises.
Markets were remarkably resilient at the start of 2011 as investors held their nerve despite a series of geopolitical and economic crises. The broad-based Morningstar U.S. Index was up 4.86% during the last 13 weeks ended March 29. The index has tacked on 16.09% during the last 12 months and is even up 3.00% during the last five years.
The world was rocked in January when Tunisian president Zine El Abidine Ben Ali resigned in January after widespread protests broke out in the North African country. The unrest spread across the region eventually forcing out Egyptian leader Hosni Mubarak, igniting a rebellion in Libya and destabilizing several other regimes. The growing uncertainty in the region and continued demand from emerging economies sent the price of oil higher.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.