With all its ups and downs capped off by the most negative GDP report in some thirty years, the mixed week certainly felt worse than it actually was (LA Times - GDP Worst Since 1982). In fact, while the S&P 500 (SPY) closed down -0.3%, the Nasdaq 100 finished modestly higher (QQQQ +0.6%). Meanwhile, Precious Metals (DBP) continued its upward trajectory by +3.9%, as the US Dollar also moved curiously higher (UUP +0.3%).
Week Six of 2009 features the following busy reporting calendars, including the jobs report on Friday, and an increasingly heavy earnings season:
Markets have been understandably sensitive to every new report on the progress of the "Stimulus Plan" and "Bad Bank," so traders will naturally be following developments there very closely -- you should too. Enjoy your weekend and... the Big Game!
Never Investment Advice