The Week Ahead: And the Band Plays On

I spent the last majority of last week at the Las Vegas MoneyShow giving presentations, sitting on panels and hosting a few as well. Not only was it good fun to be a part of the conference, but it was great to connect with a number of you, Real Money subscribers, as well as with a few of my fellow contributors. The stock market, as you no doubt know, marches on. Last week the S&P 500 rose another 2%, putting its year-to-date return at nearly 17%. 

Recapping last week's key economic data, we learned the manufacturing outlook remains mixed, given the tumble in the May readings from the Empire State Manufacturing and Philadelphia Federal Reserve indices. Sifting through the April industrial-production report, manufacturing contracted again in April following a decline in March. That slump led to the weakest level of manufacturing capacity utilization in some months, which means there is ample slack in manufacturing facilities across the country -- not a good near-term harbinger for hiring in this sector of the economy. ...637 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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