Totally Free Market Analysis.com

Updated News on the Market

Weekly Update 9/11/09

Well, it looks like the stock market forgot to take a holiday this last week. The S&P was up 2.6% by weeks end and now its up 54.4% since the low in March.

The Federal Reserve reported that consumer credit dropped $21 billion back in July which is not good. So far we are looking at 6 straight drops in credit. Our trade deficit rose to $32 billion. The Cash for Clunkers program helped jump auto exports 24.5% and imports rose by 21.5%.

It is getting close the to end of Corporate earnings season. 75% of S&P 500 companies have gone above analysts' Q2 earnings predictions.

Totally Free Market Analysis.com

Totally Free Market Analysis.com

Updated News on the Market

Weekly Update 9/4/09

Great news even thought the S&P was off 1.7% this week, but the index has risen 52% since the low back in the first part of March. We are starting to see some signs of recovery and manufacturing and housing numbers are gaining momentum. The commerce Dept. reports that factory order rose 1.3% by the end of the second quarter. Pending home sales index increased by 3.2% as well. Good news, we had the largest increase in residential spending in four years.
New claims for jobless workers fell 4,000 down now to 570,000 by the end of August. Total unemployment rate is near 9.7% and avg hourly earnings bumped 2.6% (thanks min wage).

Totally Free Market Analysis.com