The Strength of the Market is: Strong
After two straight losing weeks in the stock market, Monday started the week off on the right foot. Today, stocks around the world rose with renewed hopes for a coronavirus vaccine - the stocks of all 11 sectors of the economy traded higher for the day. Looking at data from last week, surveys on Small Business Optimism & Job Openings looked very positive - both exceeding expectations. And, Jobless Claims were right in line with expectations, with claims of under 1 Million for the second week in a row. This week, markets will be looking at the Federal Reserve's announcement on interest rates, new Manufacturing & Housing numbers and the latest Jobless Claims data.