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Monthly Archives: May 2010

Ten Reasons for a Rebound

 Our outlook for 2010 remains for modest gains in the stock and bond markets, accompanied by a lot of volatility. Over the last couple of months, we presented our reasons for why we believed the stock market, as measured by the S&P 500, was due for another …… 

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www.mwboone.com/library/Weekly_Market_Commentary_5_24_10


If Europe Sneezes, Does the United States Catch a Cold?

The good news on the U.S. economy last week included the benign readings on both producer and consumer prices in April, solid news on manufacturing in April, and decent housing data for April and May. However, all of that good news was largely ignored amid the unfolding debt crisis in Europe. The bad news last week included……

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www.mwboone.com/library/Weekly_Economic_Commentary_5_24_10

 

 

Current Conditions Index

Over the past week, the LPL Financial Current Conditions Index stabilized at 216 after two weeks of declines. The decline in the index and the S&P 500 in recent weeks mirrors the short-lived pullback we saw in January. The stock market has tracked the CCI closely this year as it did last year reflecting the attention investors are paying to……

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www.mwboone.com/library/Current_Conditions_Index_5_19_10

 

What Did the Fed Know on April 28?

Questions lingered last week about European economies and debt markets, including concerns as far reaching as the potential for a breakup of the Eurozone. This concern among market participants and policy makers came despite the historic $955 billion European loan guaranty package unveiled a week ago.

As a result, another very good week of U.S. economic data was overshadowed. The United States economic data continues to suggest ……

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www.mwboone.com/library/Weekly_Economic_Commentary_5_17_10

 

The Long-Term Outlook

Over the past year, the stock market has tended to rise most of the time on Mondays and fall most of the time of Fridays with little change, on average, on the days in between. Last week provided an exaggerated version of that pattern with a greater than 4% gain on Monday, followed by a generally sideways move during the middle of the week and a 2% sell-off on Friday. Despite a solid gain for the week as a whole that put an end to a two week pullback, the sharp moves during the week left many investors feeling ……

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www.mwboone.com/library/Weekly_Market_Commentary_5_17_10

 

Back From the Brink in Europe

 Volatility reigned supreme in global financial markets last week, as budget and deficit related issues led to both social unrest (rioting in Greece) and wild swings in financial markets. Lost in all this volatility was another week of very good news on the U.S. economy. The data suggested ……

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www.mwboone.com/library/Weekly_Economic_Commentary_5_11_10

Letter from LPL

 Dear Valued Investor:
On Thursday, May 6, 2010, the stock market, as measured by the S&P 500, expanded its recent pullback with a vengeance as it dropped over 3% for the day after rallying from midday declines of almost 10%. While fear was certainly the undertone for the day, the big declines and subsequent rally happened ……

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http://www.mwboone.com/library/from_LPL_Letter

From Defense to Offense

Amid a scattering of economic data last week, the FOMC left its policy statement—and interest rates—unchanged versus the prior FOMC meeting in March. While the FOMC provided a modest upgrade of its assessment of the labor market and consumer spending, the rest of the FOMC statement—, which is dissected word by word by market participants for insight into the FOMC’s next move on monetary policy—suggested that the Fed is ……

 

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www.mwboone.com/library/Weekly_Economic_Commentary_5_3_10

 

Watching the Calendar

Stocks fell for the first time in eight weeks as:

  • Standard & Poor’s cut Greece’s credit rating to “junk” status and downgrades on Portugal and Spain last week fueling concern Europe’s debt crisis is worsening.
  • Financial reform advanced to debate in the Senate, propelled by the fraud charges against Goldman Sachs and the dropping of a pre-funded bailout tax. These events fueled concern over ……

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