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Market Recap and a Look Ahead (week ended 7/20)

The S&P 500 finished the week at 1,362 up 0.43% for the week.  The index had been higher on the week, but sold off about 1% on Friday, on the heels of a sell off across Europe including new lows on the Euro itself.

Friday’s European stock markets  saw declines in Italy of 4.3%, Germany down 1.9% and France fell 2.1%

The U.S. Ten Year Treasury finished the week with a yield of 1.46%, down from 1.49% the previous week.

Next Weeks Potential Market Moving Events:

The week will start with a focus on any follow through from Europe’s sell off of Friday. Earnings season continues next week, as well as the first look at GDP for the second quarter of this year.

Monday: European market reaction to Friday’s sell off.

                 Mc Donalds’s earnings report.

Tuesday:  Apple earnings report.

Wednesday:  Ford, Pepsi and Boeing earnings reports

Thursday:  Facebook earnings report

Friday: Advance Q2 GDP report.

Weekly Sector ETF Performance:

ETF Sector Performance
Week Ended July 20, 2012
Weekly Q1 Q2 Q3 TD YTD
SPY S&P500 SPDR 0.5% 12.7% -2.8% 0.3% 9.8%
XLF Financials -2.2% 21.9% -6.9% -1.8% 11.5%
XLU Utilities 0.9% -2.6% 6.5% 1.8% 5.7%
XLB Materials 2.0% 10.8% -4.0% 0.4% 6.7%
XLP Consumer Staples -0.8% 5.4% 2.7% 0.8% 9.2%
XLY Consumer Discretionary 0.2% 15.9% -2.6% -0.1% 12.8%
XLV Health Care 0.3% 9.0% 1.6% 0.6% 11.4%
XLI Industrial 0.8% 11.4% -4.2% -1.4% 5.1%
IYW Technology 1.7% 21.9% -8.5% -0.7% 10.8%
IYZ Telecom -0.3% 6.2% 1.2% 1.7% 9.3%
AGG Aggregate Bond 0.3% 0.1% 2.0% 1.2% 3.3%
TIP TIPS Bond 0.4% 0.8% 3.1% 1.8% 5.8%
LQD Inv. Grade Corp Bond 1.1% 2.3% 2.7% 3.0% 8.3%
GLD Gold -0.3% 12.0% -4.3% -1.0% 1.1%

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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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