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In a small triumph over another week of noisy trade, the S&P 500 (SPY) was able to recuperate a fractional gain of +0.2%. Not much consolation after the -7.9% draw-down on the month, but I’ll suspect bulls will take what they can get. After the late day sell off Friday and with the market in short-term neutral territory, perhaps next week will add to the repairs on the right news flow. Holiday shortened Week Twenty-Two of 2010 features the following busy economic and reporting calendars, including a Friday Jobs Report:
I hope you have a terrific long weekend!
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Never Investment Advice: Prior Weekly Summaries: ETF Rotation Models
