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

Updated: Aug 19

The stock market remains on solid footing. Last week, the Dow Jones was up 1.74%, the S&P 500 gained 0.94% and the Nasdaq increased by 0.81%. The economy is still showing healthy signs with good retail sales numbers and the latest inflation data is raising hopes for a Federal Reserve interest rate cut next month. Stocks have been grinding higher, hitting new highs almost on a daily basis.  

 

Economic reports from last week came back mixed:

•Small Business Optimism - higher than expectation

•Inflation (Consumer) - in-line with expectation

•Inflation (Producer) - higher than expectation

•Retail Sales - in-line with expectation

•Manufacturing (New York) - higher than expectation

•Consumer Sentiment - lower than expectation

•Jobless Claims - higher than expectation

 

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

 
 
 

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