Click here for the Weekly Wrap by Briefing.com.
BOTTOM LINE: Overall, last week's market performance was negative. The advance/decline line fell slightly, most sectors declined and volume was very light on the week. Measures of investor anxiety were mostly higher. However, the AAII % Bulls rose for the week, but is still at below average levels. The average 30-year mortgage rate fell to 5.77% and is only 56 basis points above all-time lows set in June 2003 and down from 2005 highs of 6.04% set in April. As well, the benchmark 10-year T-note yield fell another 3 basis points on the week as economic data spurred fears of a slowdown. Economic worries also resulted in the underperformance by cyclical stocks and spurred losses in the US dollar. Small-caps outperformed on the week even as the dollar weakened. Finally, crude oil failed to move higher even as hurricane fears intensified and gasoline supplies fell, which is a negative for the commodity.
*5-day % Change
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