The Strength of the Market is: Strong

Another winning week for stocks, the second week in a row - last week, the Dow Jones gained 0.4%, the S&P 500 was up 1.4% and the Nasdaq increased by 1.6%. In the wake of a potential global banking crisis, regulators from the US and Europe have attempted to ease concerns - both stating that they are prepared to take action to stabilize banks, if needed. In addition, with pressure of a possible recession, the Federal Reserve has hinted that their rate-hiking campaign may be coming to an end soon. Economic reports from last week came back mixed: •Existing Home Sales - higher than expectation •New Home Sales - lower than expectation •National Economic Activity - lower than expectation •Jobless Claims - lower than expectation This week, investors will look for guidance from economic reports like Housing, Consumer Confidence & Sentiment, Personal Income, Manufacturing and Jobless Claims.