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

Stocks had a solid week centered on President Donald Trump's return to the White House. Excitement toward Trump’s pro-business policies has largely pushed stocks higher as investors focused on the presidential inauguration. During the first few days of Trump being back in the White House, investors were relieved that no formal action has been taken on tariffs, with only threats being made, so far. In addition, Trump said he would demand that interest rates drop immediately and he would ask Saudi Arabia and other oil producing nations to lower the price of oil. Last week, stocks posted their second straight positive week, signaling that the bull market is back in full force after December’s pullback - the S&P 500 and Nasdaq each rose around 1.7%, while the Dow Jones climbed 2.2%. This week, corporate earnings of technology stocks will be released and the Federal Reserve will, on Wednesday afternoon, announce their latest thoughts on interest rates, likely leaving interest rates unchanged.

 

Economic reports from last week came back mixed:

•Existing Home Sales - higher than expectation

•Jobless Claims - higher than expectation

 

This week, investors will look for guidance from economic reports like National Economic Activity, Manufacturing, Consumer Confidence, Housing, Personal Income, Gross Domestic Product and Jobless Claims.

 
 
 

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