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

The Strength of the Market is: Strong

 

The S&P 500 and Nasdaq Composite hit fresh record highs last week. A better-than-expected jobs report fueled optimism that the U.S. economy is still strong despite fast-changing trade policy and geopolitics. The unemployment rate fell to 4.1%, while economists had projected an increase to 4.3%. On Wednesday, President Trump announced a U.S.-Vietnam trade agreement. Now, investors are eagerly awaiting any potential future trade deal announcements with the July deadline on the 90-day tariff pause approaching this week. Last week, the S&P 500 was up 1.7%, the Nasdaq Composite gained 1.6% and the Dow Jones increased by 2.3%. In addition, President Trump signed his “one big beautiful” tax-and-spending package on Friday - legislation that will bring sweeping changes to the finances of Americans.

 

Economic reports from last week came back mixed:

•Job Openings - higher than expectation

•Construction Spending - lower than expectation

•Vehicle Sales - lower than expectation

•Employment (Private) - lower than expectation

•Employment (Total) - higher than expectation

•Jobless Claims - lower than expectation

 

This week, investors will look for guidance from economic reports like Small Business Optimism, Consumer Credit and Jobless Claims.

 
 
 

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