The market was down 1.5% going into Friday, but a rally on the final day of the week left the SPY off only 0.44%, VTI was off 0.87%, VT minus 0.44% and the AGG declined 0.85%.<\/p>\n
The GDP number came in at 0.2% which was worse than the already weak expectations of 1%. Last week we wrote about big price advances by NFLX and AMZN, this week the big moves were to the downside as LNKD fell 21% and TWTR down 26%.<\/p>\n
361 companies have reported and according to Zacks, profits are up about 4.7% but revenue is down 4.1%.<\/p>\n
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The market was down 1.5% going into Friday, but a rally on the final day of the week left the SPY off only 0.44%, VTI was off 0.87%, VT minus 0.44% and the AGG declined 0.85%. The GDP number came … Continue reading