New York, NY (PRWEB) April 29, 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.
Stocks rebounded last week with the S&P 500 advancing 1.73% as it maintained a six-week pattern of alternating up and down weeks. Major indexes were led on the week by the Bank of NY Mellon ADR Index, up 2.64%, and the Russell 2000, up 2.50%. The laggards were the Dow Industrials, up 1.13%, and the Dow Transports, up 1.35%. Seven of the ten S&P sectors traded higher last week, led by the three year-to-date laggards Energy, up 3.22%, Materials, up 3.03%, and Information Technology, up 2.93%. For the last two weeks we have said investors needed to be alert to sector rotation and last week was a good example of it.
Twenty of the twenty-four S&P industry groups were up last week. The leaders were Automobiles & Components, up 6.10%, Consumer Durables & Apparel, up 4.78%, and Semiconductors & Equipment, up 4.66%. The downside was led by Household & Personal Products, down 3.91% and the only industry group with a loss of more than 0.49%.
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.
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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