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Monthly Archives: April 2010

Extending the Extended Period?

Although there are several notable economic reports due out this week, including the first look at real gross domestic product (GDP) growth in the first quarter of 2010, market participants are likely to be focused on……

To see the rest of this article, please click on the link below:

www.mwboone.com/library/Weekly_Economic_Commentary_4_27_10

Extended Period For the Rally?

Stocks have now posted eight straight weeks of gains, measured by the broad Russell 3000 stock index. The good news on earnings and the economy helped sustain market momentum for another week. Last week, about 80% of S&P 500 companies’ earnings per share……

To see the rest of this article, please click on the link below:

www.mwboone.com/library/Weekly_Market_Commentary_4_27_10

 

 

Suit Yourself

The stock market, measured by the S&P 500, fell 1.6% on Friday as news that the Securities & Exchange Commission (SEC) filed fraud charges against Goldman Sachs. This news roiled financial markets, sending both stocks and commodities asset classes lower. Friday’s snapback was the most significant……

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www.mwboone.com/library/Weekly_Market_Commentary_4_21_2010

 

 

Has the Consensus Caught Up?

Last week was a busy week for economic data and events. On balance, the mix of monetary policy messages and economic data releases left us with the same opinion of the Fed outlook, the outlook for Chinese policy, and the outlook for the United States economy that we had at the beginning of the week.

Our view remains that the U.S. economy is on track to transition from  recovery to sustainable growth, the Fed may very well modify (but not remove) the……

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www.mwboone.com/library/Weekly_Economic_Commentary_4_21_10

 

Market Milestones and Earnings Expectations

On the cusp of the first quarter earnings season, the markets are hovering around two milestones: Dow 11,000 and 4% on the 10-year Treasury.

The 11,000 level on the Dow, touched briefly on Friday, is psychologically important. The 11,000 level was flirted with in 1999 and 2000, but unlike 10,000 which has been criss-crossed over-and-over again dozens of times, 11,000 has only definitively been crossed to the upside once, in 2006. The move to 11,000 is a clear sign of……

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www.mwboone.com/library/Weekly_Market_Commentary_4_12_10

 

Information Overload

Last week was relatively quiet on the economic front. The best news of the week was the unexpected surge in pending home sales in February, along with a better-than-expected reading on both chain store sales and the service sector Institute for Supply Management (ISM) index for March. The unexpected rise in first-time filings for jobless claims in early April was……

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www.mwboone.com/library/Weekly_Economic_Commentary_4_12_10

 

 

When Leading Indicators Peak

The first quarter of 2010 was a good one for investors. The stock market, measured by the S&P 500, posted a total return of 5.4%. Small company stocks, measured by the Russell 2000 index, were up an even stronger 8.9%. Even bonds, as measured by the Barclays Aggregate Bond Index, were……

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www.mwboone.com/library/Weekly_Market_Commentary_4_6_10

 

 

Central Banks on Parade!

Last week saw another solid round of U.S. economic data for February and March. Personal spending, home prices, consumer confidence, and jobless claims data all came in at or above expectations. Although they were below expectations, vehicle sales in March……

To see the rest of this article, please click on the link below:

www.mwboone.com/library/Weekly_Economic_Commentary_4_6_10

Quarterly Pattern to Repeat

In the first quarter, the stock market followed a volatile path that looks to be on track to end with a solid gain. We believe this pattern of performance is likely to be repeated in the second quarter. Specifically, as the first quarter began the upward momentum of the fourth quarter of 2009 continued, with the S&P 500 rising……

To see the rest of this article, please click on the link below:

www.mwboone.com/library/Weekly_Market_Commentary_3_29_10

 

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