Diversification:: Guy Adami reveals the secret to the right mix of stocks and bonds in your portfolio. Click here for the Fast Money Trade School Lesson of the week. |
The Fast Money five takes a look at the week's biggest market movers. | |||
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If last week was about finding terra firma, perhaps this week was about building something more positive. It was the best week for the S&P in two months and the best week for the Nasdaq in nearly 18 months. Most striking was the negative news in which many of the gains were made. Financial institutions continue to hemorrhage money because of the mortgage mess, with UBS recording a wider-than-expected write-down. Safe-haven sectors like drugs stocks got killed this week, and we just saw the third straight month of job losses. And yet the markets rallied, suggesting that the most important measure of all might be changing: sentiment. Will it carry through to next week? The Fast Money will be watching. And the Fast Money will also be watching what I refer to as Money Time. That's right, the unofficial start of earnings season begins next week when Dow component Alcoa releases results on Monday. After that, we get beleaguered Circuit City on Wednesday, Genentech on Thursday and than General Electric (the parent company of CNBC) on Friday. It's been two solid quarters since the mortgage mess reared its ugly head, and it will be interesting to see to what extent the credit crisis has negatively impacted Corporate America's bottom line. It will also be interesting to look at the extent to which a weak dollar may have helped multinationals, whose stock prices continue to be pulled up by growing economies around the world. Also worth watching will be a key interest rate decision from Europe Central Bank and retail sales figures from March. Before you go, a quick programming note: the television event of the year (albeit we're still just in April) happens on Monday: Microsoft versus Goldman in a winner take all game for the century. That's right, I'm talking about the conclusion of Fast Money Madness, an event so good, we could probably put it on pay per view. Thankfully, it's free, and you won't want to miss it on Monday. Remember, an open market is one in which you can make money, and we will try to do just that all next week. I hope you join us. . If you have questions about The Final Trade or suggestions for Fast Money, please send an email to FastMoney@cnbc.com |
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