Click here for the Weekly Wrap by Briefing.com.
BOTTOM LINE: Overall, last week's market performance was very positive. The advance/decline line rose, almost every sector gained and volume was below average on the week. Measures of investor anxiety were lower. The AAII % Bulls rose for the week, but is still slightly below average levels. The average 30-year mortgage rate fell to 5.71% and is only 50 basis points above all-time lows set in June 2003 and down from 2005 highs of 6.04% set in April. The benchmark 10-year T-note yield rose 8 basis points on the week as economic data were generally more positive than had been anticipated and measures of inflation rose. These factors also boosted the US dollar and Gold. Earnings concerns resulted in the underperformance by transportation stocks. Tech stocks outperformed on the week as investors began to anticipate a strong fourth quarter. Finally, most commodity prices fell substantially as traders finally paid attention to mounting evidence of slowing global demand.
*5-day % Change
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