Friday, May 12, 2006

Extending the losses...

Not one of the better weeks for the markets. Dow, Nasdaq and S&P all ended down (1.7%, 4.3%, and 2.6%, respectively) for the week. Recent market leaders such as metals, industrials and energy all struggled today. Looking forward to next week, there is a significant amount of economic data being released, including Housing Starts (Tues), PPI (Tues) and CPI (Wed). This data will be the first since the Fed's last interest rate decision, and will hopefully add some clarity on future Fed moves (although, given the recent data, I would be betting on a mixed picture).

On another note, it's been raining here in the Northeast for most of the week. I was hoping that with all the rain during the week, the weekend would at least turn out nice. But based on the following 10 day forecast, it doesn't look like I'll be so lucky.


Have a great weekend. If you're in the Northeast, it might be best to see a new movie. Whatever you do, enjoy yourself, and I'll see you on Monday.

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