New York, New York (PRWEB) April 26, 2013
Thomas Belesis of John Thomas Financial is proud to release the Wayne Kaufman weekly report.John Thomas Financial's Chief Market Analyst Wayne S. Kaufman's Weekly Report is posted on the John Thomas Financial Blog.
After making all-time highs two weeks ago stocks took it on the chin last week as the S&P 500 erased nearly all the gains of the prior week. It dropped 2.11%, the biggest weekly loss since 11/9/2012. Major indexes were led on the week by the Dow Jones Transports, down 1.78%, and the Bank of NY Mellon ADR Index, down 2.01%. The biggest losses were seen in the Russell 2000, down 3.21%, and the Nasdaq Composite, down 2.70%. Seven of the ten S&P sectors traded lower last week, with the defensive Telecom Services, Utilities, and Consumer Staples sectors posting gains of 1.18%, 1.02%, and 0.76%, respectively.
Only five of the 24 S&P industry groups were up last week. The leaders were Household & Personal Services, up 1.96%, Telecom Services, up 1.18%, and Utilities, up 1.02%. The downside was led by Technology Hardware & Equipment (thanks Apple & IBM) down 6.99%, Capital Goods, down 4.11%, Energy, down 4.09%, and Automobiles & Components, down 4.06%.
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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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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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