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Strength of the Market
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The Strength of the Market is: Strong

hyggeadvisors
Feb 12, 20241 min read

The S&P 500 closed above the key 5,000 level as strong earnings and economic news chugged on. Last week, the S&P added 1.4%, while the Nasdaq gained 2.3% and the Dow Jones finished flat - all notching their fifth straight winning week and 14th positive week in 15. A solid corporate earnings season, easing inflation data and a resilient economy have charged 2024′s market rally.

 

Economic reports from last week came back mixed:

•Consumer Credit - lower than expectation

•Jobless Claims - lower than expectation

 

This week, investors will look for guidance from economic reports like Small Business Optimism, Inflation, Manufacturing, Retail Sales, Housing, Consumer Sentiment and Jobless Claims.

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