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

Last week, the U.S. and United Kingdom reached a preliminary trade deal, making investors hopeful that the deal will lead to more trade agreements. President Trump stated that "many trade deals are in the hopper". Last week, the S&P 500 slid about 0.5%, the Nasdaq dropped roughly 0.3% and the Dow Jones fell almost 0.2%. Over the weekend, the White House announced a China trade deal, which should bring much needed relief to a volatile financial market that has seen large swings up and down since President Donald Trump’s April 2 tariff announcement.

 

Economic reports from last week came back mixed:

•Consumer Credit - higher than expectation

•Labor Productivity - 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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