Weekly Commentary

March 7, 2011

Oil's well that ends well, at least for one week! Finishing relatively unchanged for the week, the markets were alternately supported by better economic data and busted by higher oil prices. In the end, little mattered as stocks managed to finish about where they started the week, while pump prices rose roughly 4.5% higher across the country. Even oil stocks didn't do that well, although rising very modestly with the broader market. The much awaited employment number, depending upon who you use for estimates, came in pretty much in line with estimates as the prior two months were also revised a bit higher. - continued -

To read the complete Weekly Commentary signup to receive our Weekly Commentary via email. You'll have access to the current Weekly Commentary and also the archived Weekly Commentaries.