June 2009 Financial Asset Roundup
|Asset||May 2009||Jun 2009||Change|
The upward trend has continued with the S&P 500 index up 3.29% since the last update:
(chart courtesy of msn.com)
Although unemployment initial filings have decreased, unemployment is now up to 9.4% (a 26 year high). The stock market rally has continued over the past month and crude oil has reached $70 per barrel and continues to climb.
The past month hasn't been a big one for money moves. I did lay out some cash for a new washing machine and I sold my The United States Oil Fund ETF (USO) holding to lock in a modest profit due to the current run up in crude oil prices.
At this point, I'm trying to focus on enjoying the modest stock market rally that has occurred over the past few months and hope that the recession will end soon. I'm not sure how that will happen if crude oil prices and 30 year fixed mortgage rates continue to rise (Penfed went from 5% to 5.625% since the last update), but it can't hurt to be optimistic, right?