The S&P 500 experienced its second consecutive week of losses, and the Dow Jones Industrial Average (DJIA) experienced its third. Recent concerns over interest rates and the possibility of Greece defaulting on its debt are thought to be causing the losses.
With this said, it is important to keep things in perspective. We continue to get favorable economic data here in the U.S. Hiring data remains strong and the combination of gradual wage growth and more people working should lead to eventual gains in economic spending.
It is also important to note that although we have experienced losses in the S&P 500 and DJIA over the past two-three weeks the major equity markets are within 3% of their all-time highs.