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Another ugly week of trade that saw new lows for the year left the S&P 500 (SPY) down -7.7% on reduced corporate guidance, poor retail sales, and added volatility attendant to Secretary Paulson's TARP revision statements (Telegraph - TARP Torpedoed; Time - Credit-Card Plan Criticism). Sectorwise, Utilities, Consumer Staples and Healthcare continued to outperform, although they also ticked into the red (XLU -0.9%; XLP -3.2% & XLV -3.4% ), while Real Estate and Financials were pounded hard yet again (IYR -16.3% & XLF -10.5%).Economic releases for Week 47 of 2008 feature Industrial Production and Utilization statistics on Monday, Inflation Statistics on Tuesday and Wednesday, and last month's FOMC minutes, also on Wednesday, among others as follows:
- Yahoo! - U.S. Earnings Calendar
- Yahoo! - U.S. Economic Calendar
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