Tuesday, June 9, 2009

Are Financial Trends Up?

Headlines

· American savings rate hit 5.7%
· Pending Home Sales saw largest jump in 7 years
· S & P 500 Sector Returns: 8 of 10 sectors were positive including with Industrials,
Technology and Energy leading the way, which also included Financials for the 4th week.
  • Unemployment rate spiked to 9.4% (important to know that throughout our history, during a recession, unemployment continues to rise even though the economy is recovering)

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