Saturday, May 23, 2009

ETF Rewind - Week 21 (05/22/09)

(Click Image to Enlarge/ Glossary)

Last week's diminutive S&P500 (SPY) returns, up +0.3%, belied the significant recovery attempt and failure of the majors, putting in lower May highs across the board. The real gainers were International (EFA +5.2%) and Emerging Market (EEM +5.6%) stocks, boosted by higher Commodities (DBC +5.0%) and a weakend US Dollar (UUP -3.6%). In contrast, long-term Treasuries (TLT) fell rather hard, down about -4.6%.

Week Twenty-Two of 2009 features the following busy earnings and economic calendar, including Preliminary GDP on Friday:

For now, it's good to see sectors and asset classes begin to diverge in performance rather than all trading as one. While our economic woes are far from over and the outlook remains cloudy, at least investors are able to choose their battles. Enjoy Your Long Weekend!


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