The calm before the storm?

Market observations for the week of Oct.18 to Oct. 22, 2010

Claymore Investments, Inc. 26 October, 2010 | 9:51PM

The Dow Jones Industrial Average added 0.63%, the Wilshire 5000 Total Market Index rose 0.53%, the Standard & Poor's 500 Index gained 0.59% and the NASDAQ Composite Index tacked on 0.43%. Sector breadth was positive as eight of the 10 S&P sector groups finished higher. The financials sector (1.91%) was the best performer while the materials sector (-0.63%) was the laggard. The Canadian market, as measured by the S&P/TSX Composite Index, finished little changed.

U.S. dollar takes centre stage

Last week's trading activity was dominated by the action in the currency markets. In fact, for most of the week, risk assets (stocks, commodities) traded in an almost perfectly inverse pattern to the greenback.

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Claymore Investments, Inc.

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