Weekly Market and Economic Commentaries
June 8, 2010 -- Lincoln Savings Bank and LSB Financial are pleased to provide the following Market and Economic Commentaries for the week of June 7, 2010. The commentaries are prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial.
Market Commentary Highlights...
- Like a performer that can’t string together a series of big hits, the stock market has
provided investors with big one-day moves with no follow up lately.
- We believe the big hit the stock market took on Friday has become a familiar tune and is likely to be just another one hit wonder.
- Improvement in measures of financial stress tied to the European debt markets are needed before the stock market can put together a hit parade of a rebound.
Read the full market commentary text.
Economic Commentary Highlights...
- There were few, if any, signs of a European contagion in last week’s economic data in the United States.
- The May jobs report was certainly a disappointment to markets, but did not alter our view of the labor market in 2010.
- This week’s economic calendar in the United States is relatively quiet, which will focus the market’s attention on the Chinese economic data for May.
Read the full economic commentary text.
The above market commentaries and others like it can be found on the Commentary page under the Investments section of this site.
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