The Strength of the Market is: Strong
- hyggeadvisors
- Jun 16
- 1 min read
Stocks tumbled Friday after Israel launched airstrikes on Iran, pushing energy prices higher. This conflict adds challenges to the already sizable collection of investor worries (war, tariffs, inflation, economy, etc.). After Israel's strike, oil prices surged more than 7% - the spike in oil could have an almost immediate impact on inflation. Last week, the S&P 500 lost 0.4%, the Nasdaq slid 0.6% and the Dow Jones fell 1.3%. This week, the Federal Reserve will announce its latest thoughts on interest rates (Wednesday afternoon). Interest rates will likely be unchanged from its current rate between 4.25% and 4.50%.
Economic reports from last week came back mixed:
•Small Business Optimism - higher than expectation
•Inflation (Consumer) - lower than expectation
•Inflation (Producer) - lower than expectation
•Consumer Sentiment - higher than expectation
•Jobless Claims - higher than expectation
This week, investors will look for guidance from economic reports like Manufacturing, Retail Sales, Housing and Jobless Claims.
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