By Jeff Pietsch
|(Click Image to Enlarge/ ETF Rewind Glossary)|
In spite of a several day pullback surrounding a slow growth Federal Open Market Committee forecast, the board finished widely green for the week, with the S&P 500 (SPY) higher once again by +2.1%, making that four straight up weeks in a row. In fact, only the US Dollar (UUP) finished lower among the tracked securities on the prospects of further monetary easing, down -2.7%.
All in all, it was a curious performance with the contrast of the Fed’s growth concerns set against a stock market that has been characterized by an increasingly improved technical state — has the prospect of further easing placed a virtual put under the market going into the last quarter? Third-Quarter earnings are only two weeks away — we will see soon enough.
Meanwhile, week Thirty-Nine of 2010 kicks off a new month and a new quarter with a very busy economic reporting calendar, as follows:
Click to enlarge:
I hope you had a terrific weekend!
Disclaimer: Never Investment Advice