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Market Recap Week Ended June 1, 2012

A tepid jobs report for the month of May along with European fears, including news/rumours  of Spanish banking withdrawals left the S&P 500 Index at 1278, down more than 3% for the week.

More Ominously, the U.S. Ten Year Treasury Note  closed at a record low of 1.47%.  Even more astounding yet, the The German Two Year Bund Yields fell to Zero.

Next Week’s Potential Market Moving Events:


Federal Reserve Biege Book Report

European Central Bank (ECB) Meeting


Ben Benranke testifies before the Joint Economic Comiittee

Spanish Bound Auction


ETF Sector Perfrmance
Week Ended June 1, 2012
Q1 Weekly 2QDT YTD
S&P 500 Index 12.0% -3.0% -9.3% 1.6%
XLF Financials 21.9% -3.8% -14.6% 4.1%
XLU Utilities -2.6% -0.2% 1.9% -0.8%
XLB Materials 10.8% -2.6% -10.5% -8.0%
XLP Consumer Staples 5.4% -2.2% -2.7% 2.6%
XLY Consumer Discretionary 15.9% -3.6% -7.4% 7.3%
XLV Health Care 9.0% -2.5% -5.6% 2.9%
XLI Industrial 11.4% 3.5% 9.9% 0.4%
IYW Technology 21.9% -3.6% -13.8% 5.1%
IYZ Telecom 6.2% -1.7% -6.6% -0.8%
AGG Aggregate Bond 0.1% 0.8% 2.2% 2.4%
TIP TIPs Bond 0.8% 1.2% 4.2% 5.1%
LQD Inv. Grade Corp Bond 2.3% 1.6% 2.5% 4.9%
GLD Gold 12.0% -3.0% -9.3% 1.6%

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DISCLAIMER: Nothing in this article should  be construed as a personal recommendation or investment advice.  Nor should anything in this article be construed as an offer, or a solicitation of an offer, to sell or buy any particular investment security.   Investors should conduct their own due diligence and seek the advice of a financial and/or investment  professional before making any investment decisions.


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