Total Returns % 1 Week 1 Month 3 Month 1 Yr Avg 3 Yr Avg 5 Yr Avg YTD
Dow Jones -0.58 -3.33 -0.41 8.87 -5.98 2.21 -0.84
NASDAQ -1.20 -5.88 -5.45 6.21 -5.61 0.31 -5.09
S&P 500 -0.62 -4.19 -3.00 5.36 -8.06 -0.37 -3.26
Russell 2000 0.99 -6.75 -7.73 7.02 -6.55 0.33 -0.62
MSCI All Country World -0.61 -3.48 1.29 2.06 -10.17 -0.62 -6.17

Data through 08-27-10. 

The markets took a hit this past week resulting in the S&P 500 and the NASDAQ diving further under their respective 200 day exponential moving average (EMA).  In addition, both saw their 50 day EMA move under their 200 day EMA, which is a very bearish signal.

US stocks fell for a third week in a row which has not happened since February of this year.  While there was a nice pop in the market on Friday to end the week, it came on the back of not so great news.  Friday was the second revision of 2nd quarter GDP figures showing a revision downward from 2.4% annually to 1.6%.  What spurred investors was the 1.6% was better than the consensus estimate of 1.3%.  A downward revision in GDP isn’t exactly something to cheer about.  This is especially true given the poor consumer confidence levels, housing numbers, unemployment levels and downward revisions from companies themselves.

While the broad US markets have not been performing well as of late, there are still opportunities within individual sectors, as well as the international markets.  As always, I will be keeping a close eye on the markets, and looking for buying opportunities as they arise.

Would you like a free analysis of your current investment portfolio?  Call me to schedule your free consultation- 913-693-7918.

John P. Chladek, MBA, CFP® is the President of Chladek Wealth Management, LLC, a fee-only financial planning and investment management firm specializing in helping families and couples who are not yet retired realize their financial goals.  For more information, visit https://www.chladekwealth.com.

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