Title: Market Analysis with Jim Lowell

" Stocks are down but off their worst lows of the day the major indexes up for the month. Let's take a look at the numbers the Dow Jones Industrial Average closed at 9712. Down nearly thirty points. For the month the blue chips jumped more than two and a half percent. The Nasdaq Composite finished 2122. -- more than one point for the month the NASDAQ was up more than five and a half percent. The S&P 500 ended at 1057 losing more than three points for the month the S&P gained more than three and a half percent. Bloomberg's New England index dropped about two and a quarter points today and the New England tech stock index was down a fraction of -- point. Yeah."

" The analysis tonight with Jim -- chief investment strategist and adviser investments. And editor of fidelity investors dot com Jim welcome that in -- Well it's never good to see the market -- without even a little bit but certainly investor -- investors have to be quite satisfied with this -- quarter rally."

" Growth has been the best rally since the Great Depression so any investors that had. Cashed out of the market and thought they'd laid back in when things got better may have missed literally the best move this market will give us for. I just over the last ten years but for the next ten years ahead of us so it has been. A remarkable rally born of unprecedented velocity. But I do think that. We are now bumping heads up against the ceiling we've been talking about unless and until we get earnings data which comes in a week and a half. But actually can confirm that we have turned toward the better not just from the wars could this have happened without the stimulus money. It certainly could have happened without the stimulus money but when you looked today's GDP report which basically showed a much swifter easing from the recessionary. First quarter of what you saw was -- I think the positive effects of the stimulus money into charges one. The cash for conquerors and to the incentives for first time homebuyers. In the mortgage market that said we also got that new mortgage application data again today which confirms that. There's a trend of negative trend building in the home market and that is one where buyers are basically. Getting tapped out we may have seen that the most similar effects from that stimulus. And so what Tim does data especially in the construction spending but really in the pending home sales yeah absolutely key if that comes in worse than expected. Those will be a market that basically take that his election so for the moment at least the housing market is kind of went treading water. It's treading water no doubt about it and I would say this economy is treading water. And I'd say from here on out the market treads water unless and until we can see fundamentally. Better data that suggests. We're on a growth track not just -- recovery track. And the job reports you know we don't have that that the complete one yet but there. It's still not happening fast enough -- know it's not and always on Tuesday is surprising dip in consumer confidence clearly triggered by. Concerns over the job market. Certainly is not going to be concerns than just dissipate anytime soon. Today's precursor of the DP report basically came in a long consensus estimates but. I was with hardly anything other than recessionary. Tomorrow good jobless claims report finally getting key jobs report if any of the if either of those -- worse than expected again this will be a market that we'll see some profit. In addition to the jobs report we're gonna have a lot to Shula tomorrow are it's an extraordinary day by any measure one of the busiest days of economic reporting to have a whole year. So we get things like income and -- Consumer Spending we we get as I said the construction spending and construction spending. Housing did absolutely key we get the ISM a broad based manufacturing. Report which will be twice as he -- ever was just because of today's Chicago's. Purchasing managers index which was the thing that's -- the market today so tomorrow I'll look for this market to basically be trading around those reports are right through the end of the day."

" Good now thanks Jim Lowell with a market and RSS. Here is the chief investment strategist and adviser investments and editor of fidelity investor that comes into -- future."