Economic Update
* Dow broke 2009 high while gold broke record high
* FDIC approved banks to repay $45 Billion (my personal favorite!)
* Unemployment claims came down
* Consumer sentiment dropped to 66.0
* Fed Funds Rate remains at 0.25%
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* Unemployment rate rose to 10.2%
* Education and health services added 741k jobs while government added 34K jobs, since the employment peak in '07
* Technology continues to be the leading Sector for returns with 55.1% YTD
Every Investor who had a well diversified plan, reviewed their plan and went through the excruciating pain of the last 12 months, is being rewarded. Those that continued to invest during this painful Financial Crisis are being handsomely rewarded. As an Investor, you should be very proud for not jumping ship or off a building for that matter!
Congratulations to all!
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