“Market Thoughts for November 2011

From CommonwealthBD

Simon Heslop, CFA®, director of asset management, talks to Maria Considine King, director of practice management, about recent happenings in the economy, the European debt situation and current U.S. headlines. Simon also offers his thoughts on trends we may see as we approach year-end.”

Disclosure: Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets. All indices are unmanaged and investors cannot invest directly into an index. The Dow Jones Industrial Average is a price-weighted average of 30 actively traded blue-chip stocks. The S&P 500 Index is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks. The MSCI EAFE Index is a float-adjusted market capitalization index designed to measure developed market equity performance, excluding the U.S. and Canada. The MSCI Emerging Markets Free Index is a market capitalization-weighted index composed of companies representative of the market structure of 26 emerging market countries in Europe, Latin America, and the Pacific Basin. It excludes closed markets and those shares in otherwise free markets that are not purchasable by foreigners. The Barclays Capital U.S. Corporate High Yield Index covers the USD-denominated, non-investment-grade, fixed-rate, taxable corporate bond market. Securities are classified as high-yield if the middle rating of Moody’s, Fitch, and S&P is Ba1/BB+/BB+ or below. The Barclays Capital Aggregate Bond Index is an unmanaged market value-weighted index representing securities that are SEC-registered, taxable, and dollar-denominated. It covers the U.S. investment-grade fixed-rate bond market, with index components for a combination of the Barclays Capital government and corporate securities, mortgage-backed pass-through securities, and asset-backed securities.

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Adam Brooks, Daniel Evans, & Jared Pearson are financial advisers practicing at Brooks Capital Strategies, 360 SW Powerhouse Drive, Suite 310, Bend, OR 97702. They offer securities as registered representatives of Commonwealth Financial Network®, a member firm of FINRA/SIPC. Brooks Capital Strategies is a Registered Investment Adviser. They can be reached at 541-330-6411 or at brooks@brookscs.com.

Authored by Simon Heslop, CFA®, director of asset management, at Commonwealth Financial Network.

© 2011 Commonwealth Financial Network®