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Strength of the Market
a weekly blog on what's happening in Financial Markets

The Strength of the Market is: Strong

Hot inflation reports stoked fears that Federal Reserve interest rate cuts may not arrive until later than anticipated this year. Stocks broke their five-week winning streak - the S&P 500 was down 0.42%, while the Dow Jones slipped 0.11% and the Nasdaq tumbled 1.34%. Investors should brace for more near-term volatility ahead.


Economic reports from last week came back mostly negative:

•Small Business Optimism - lower than expectation

•Inflation (Consumer) - higher than expectation

•Inflation (Producer) - higher than expectation

•Manufacturing (New York) - higher than expectation

•Manufacturing (Philadelphia) - higher than expectation

•Retail Sales - lower than expectation

•New Residential Construction - lower than expectation

•Consumer Sentiment - lower than expectation

•Jobless Claims - lower than expectation


In a holiday-shortened week, investors will look for guidance from economic reports like National Economic Activity, Housing and Jobless Claims.


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