We safely made 2% this week. Stocks posted moderate losses for the day as Investors booked profits after big gains yesterday. Producer Price Index came in higher than expected showing some concern about inflation but the data was in-line removing food and energy. Consumer Sentiment also slid and came in below expectations after reaching highest level last month. IMF cut it's GDP forecast today for US for both 2013 and 2014 and indirectly requested the Central Bank to continue bond buying at the current pace through end of 2013. Investors shifted their focus to Fed and FOMC Meeting next week and major indexes lost between 0.6% and 0.7% for the day.
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