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Week of
September
6
This week's recap looks at the correlation of consumer confidence and forward P/E's, as well as the effect of football season on chicken wing prices.
Get the Weekly Market Recap Latest FINRA LetterGDP for 2Q 2010 has been revised down to an annual rate of 1.6% due to higher-than-first-estimated imports and lower-than-first-estimated inventory accumulation. However, gains in personal income, pending home sales, and the ISM Manufacturing Index, combined with flat vehicle sales, suggest that moderate growth is continuing. While we think it is probable we will avoid a double-dip, we also recognize the current soft patch in economic data, and therefore expect GDP growth to be weak, but positive.
Read the full Economic Update
Start the week off right by listening to our weekly podcast - including reactions to this week's market movements and thoughts on where we're headed.
Updated on: September 6, 2010