Chief Market Analyst Wayne S. Kaufman Weekly Report from the John Thomas Financial Blog

Chief Market Analyst Wayne S. Kaufman Weekly Report from the John Thomas Financial Blog

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New York, NY (PRWEB) April 08, 2013

John Thomas Financials Chief Market Analyst Wayne S. Kaufman Weekly Report

Stocks had a rough week in spite of the S&P 500 making a new high on Tuesday as investors reacted to more worse than expected economic indicators. In this case it was employment news from ADP Wednesday, followed by Jobless Claims Thursday, and Payrolls on Friday. Soft economic news began being reported in mid- March, and investors are concerned that this has become a trend. Last week’s selling was broad based with all major indexes showing losses. The downside was led by the Dow Transports, with a loss on the week of 3.48%, followed by S&P Midcaps, down 2.58%, and S&P Smallcaps, down 2.38%. The S&P 500 lost 1.01% as large caps continued their recent outperformance.

Industry groups were mostly lower with only eight of the twenty-four S&P industry up last week. The leaders were Telecom Services, up 2.40%, and Real Estate, up 2.31%. The downside was led by Automobiles & Components, down 5.19%, Semiconductors & Equipment, down 4.26%, and Technology Hardware & Equipment, down 3.52%.

Read the full, weekly report, from Chief Market Wayne Analyst at the John Thomas Financial Blog.

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I, Wayne S. Kaufman, hereby certify that all of the views expressed in this research report accurately reflect my personal views about any and all of the subject issuer(s) or securities. I also certify that no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.
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About John Thomas Financial:
John Thomas Financial, a member of FINRA and SIPC, is an independent broker-dealer and investment banking firm headquartered in New York City's Wall Street district. Emphasizing a client-centric approach to managing all aspects of its business, John Thomas Financial and its affiliates offer a full complement of retail brokerage, private wealth management, and corporate advisory services tailored to the unique needs of its clients. The firm publishes the Fiscal Liquidity Index, a unique daily indicator that looks at government spending and its impact on the financial markets, The Kaufman Report, a weekly technical stock market analysis, and The John Thomas Financial Economic Outlook, a report analyzing consumer sentiment, market outlook, credit cycles and dozens of other market influences.

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