"ECB Meeting", "TLT, TBT, GLD, USO", "Unemployment report"
Markets are nervous about Euro zone problems more than the economic concerns in the US, I think. The much anticipated rate cuts by ECB on thursday can bring some relief and a relief rally depending on the Jobs report on Friday.
Last week's (week over week) market Sectors Returns and Internals:
- SP 500: -0.44%
- Volatility Index % change, VIX = 4.15%
- Short term bond rate (average of 3 year and 5 year) = 0.69%
- 10 year Treasury yield = 1.92%
- Small Cap (IWM): -1.29%
- Latin America (ILF): -1.57%
- Europe (IEV): 2.41%
- Emerging Markets (EEM): 2.17%
- Commodities (DBC): -3.01%
- Long term Bonds (TLT): -.02%
- US Dollar Index, 8 DMA: 77.47
- Gold, (GLD) change: -1.09%
- Put/Call Ratio, total of equity/Index = 1.25
- Bull/Bear Ratio, Investors Intelligence survey =
- NYSE (New Highs - New lows), 8 DMA = -157.76
Next Week's economic calendar:
- ISM Index - 10/3
- ADP Employment Change, ISM services - 10/5
- ECB Meeting (possible rate decrease) - 10/6
- Unemployment Report - 10/7
