We had another wild ride this past week that ended with low market participation going into a 3-day weekend in the US.  The economic data that was reported during the week was unimpressive to say the least.  Manufacturing has been one of the stronger points of the US economy to date; however, there are new concerns that have appeared recently.  This week, April durable goods order experienced its largest decline since last October.  Personal spending fell last month as rising energy (gas) and food costs are negatively impacting consumer activity.  Though jobless claims fell slightly last week, the moving average remained above the 400k level, indicating continued issues in labor.  Finally, new home sales rose for the second straight month in April, though they still remain over 20% below last year’s already low levels.

Total Returns %

1 Week

YTD

Dow Jones Industrial Average

-0.56%

+7.46%

NASDAQ Composite

-0.23%

+5.43%

S&P 500 Index

-0.16%

+5.84%

Russell 2000

+0.87%

+6.71%

U.S. Aggregate Bond Index

+0.41%

+1.59%

MSCI All Country World

+0.35%

+4.32%

Source: Yahoo! Finance.  Data through 5-27-11

Do you have an investment strategy that will keep emotion out of your decisions of when to buy or sell?  Call me to schedule a free review of your current investment portfolio – 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.

All written content on this site is for information purposes only.  Opinions expressed herein are solely those of John P. Chladek, MBA, CFP®, President, Chladek Wealth Management, LLC.  Material presented is believed to be from reliable sources and we make no representations as to its accuracy or completeness.  All information and ideas should be discussed in detail with your individual advisor prior to implementation.  Investment Advisory services are offered by Chladek Wealth Management, LLC, a registered investment advisory firm in the State of Kansas.  The presence of this web site on the Internet shall in no direct or indirect way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any state other than the State of Kansas or where otherwise legally permitted.