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Weekly Economic & Investment Recap: 5.23.08

May 24, 2008 | Leave a Comment

Attached/linked please find And That’s The Week That Was…the Brounes & Associates market/economic commentary for the week ended May 23, 2008.  Anyone out there?  Anyone working after market close on the Friday before Memorial Day?  (Who am I fooling?)  OK…short and sweet.  Oil and gas prices are up… Stocks are down…The Fed now may be more concerned about inflation than the sluggish economy…The next rate move may be higher…Travelers cannot afford vacations…Consumers like discounters these days.  Until next week … Enjoy the three day holiday.

Coming up in the week ahead:  Consumer Confidence (Tuesday), New Home Sales (Tuesday), Durable Good Orders (Wednesday), GDP (Thursday), Personal Income/Spending (Friday)

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