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

The S&P 500 rose to a new high on Friday. Last week, the S&P 500 was up more than 1% and the Dow Jones and Nasdaq both jumped about 2%. The unemployment rate inched down to 4.4% and investors took that as a sign that the economy will be improving soon.

 

Economic reports from last week came back mostly negative:

•Vehicle Sales - higher than expectation

•Employment (Private) - lower than expectation

•Employment (Total) - lower than expectation

•New Residential Construction - lower than expectation

•Job Openings - lower than expectation

•Labor Productivity - in-line with expectation

•Consumer Credit - lower than expectation

•Consumer Sentiment - higher than expectation

•Jobless Claims - lower than expectation

 

This week, investors will look for guidance from economic reports like Small Business Optimism, Inflation, Housing, Retail Sales, Manufacturing and Jobless Claims.

 
 
 

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