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


Dow Jones Industrial Average



NASDAQ Composite



S&P 500 Index



Russell 2000



U.S. Aggregate Bond Index



MSCI All Country World



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

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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 http://www.chladekwealth.com.

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