July 21, 2007 |
Attached/linked please find And That’s The Week That Was, July 20 2007…
We are very pleased to offer our readers the Brounes & Associates market/economic commentary for the week ended July 20, 2007. What do you get when you combine…1) a vast array of (conflicting) earnings reports; 2) soaring oil prices on the heals of some favorable inflation numbers; 3) a rebound in a housing release on top of more subprime warnings; and 4) a fresh round of acquisition announcements (and a few that aren’t quite so fresh). Apparently, all of those weekly details translate into new highs for the major equity indexes (just before they gave back all of those gains and then some). All in a week’s work (again).
Coming up in the week ahead: More Home Sales Data (Wednesday & Thursday), GDP (Friday)earnings reports, market summary, subprime