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

hyggeadvisors
Feb 181 min read

Last week brought strong performance for stocks, as investors weighed the latest on the global trade and inflation fronts. Investor confidence improved after President Trump imposed levies on goods from countries with duties on U.S. products, instead of implementing immediate tariffs. In addition, Wall Street shrugged off higher-than-expected inflation data and slumping retail sales numbers. For the week, the S&P 500 added about 1.5%, while the Dow advanced roughly 0.6% and the Nasdaq was 2.6% higher.

 

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

•Retail Sales - lower than expectation

•Jobless Claims - lower than expectation

 

This week, investors will look for guidance from economic reports like Manufacturing, Housing, Consumer Sentiment and Jobless Claims.

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