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

Stocks rose last week as investors took signs of weakening jobs and tame inflation to mean the Federal Reserve will lower interest rates this week (Wednesday Afternoon). The stock market remains at all-time highs after another positive week - the S&P 500 gained 1.6%, up five out of the last six weeks, the Nasdaq advanced 2% and the Dow Jones was up 1%.

 

Economic reports from last week came back mixed:

•Consumer Credit - higher than expectation

•Small Business Optimism - higher than expectation

•Inflation (Consumer) - lower than expectation

•Inflation (Producer) - higher than expectation

•Consumer Sentiment - lower 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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