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Weekly Economic & Investment Recap

September 3, 2008 | Leave a Comment

Obama vs. McCain.  Biden vs. Palin.  Experience vs. Change.  War vs. Diplomacy.  Middle Class vs. Wealthy.  Tax cuts vs. Deficits.  Clinton vs. Giuliani (oops, that never quite played out).  These themes will be repeated again (and again and again and again) as Americans try to figure out who represents the best hope to lead this country for the next four years.  Once upon a time, Corporate American and Wall Street favored Republicans; however, all bets seemed to be off in 2008 (if the campaign money trail means anything).  Once again, the markets experienced light volume (and exaggerated price movements) as traders and investors took advantage of the Labor Day holiday (and the lower gas prices).  All eyes are on the Gulf as Gustav threatened to put a damper on some of the recent favorable developments on the oil price front.  Enjoy the holiday and the final lazy days of summer.  And let the partisan name calling and political bashing begin.  Any Swift Boat sightings yet this year?

Attached/linked please find And That’s The Week That Was, the Brounes & Associates market/economic commentary for the week ended August 29, 2008.  

Coming up this week:  Labor Day (Monday), Construction Spending (Tuesday), ISM - Manufacturing (Tuesday), Factory Orders (Wednesday), Fed Beige Book (Wednesday), ISM - Services (Thursday), Unemployment Rate (Friday), Nonfarm Payroll Additions (Friday)

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