06/09/14 – Our weekly perspective on the economy

R financial toolsI suppose at some point I’ll be correct. But, you know, that’s not important when it comes to two critical aspects of our lives: the weather and the economy. The real danger with both topics is not being prepared. Also, another danger is just considering the short-term gains, or losses, from the environment, whether natural or man-made. We believe in the “art of the long-view” here.

For the week ending June 6, 2014, the NASDAQ Bank Index, which we provide compliments of SNL Financial, gained more ground, surging nearly 100 points during the week. Bank stocks appear to have found their mojo. The Dow Jones Industrial Average also continued its race to the top, adding nearly 210 points for the week, closing at 16,924.28. That represents another record week for the Dow.

The calendar is packed this week with other interesting bits of data. Consumer sentiment, jobs, and producer prices are all on the docket. As always, our economic calendar is provided by Marketwatch.com and can be found here.

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