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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

 

After heavy selling to start the week, stocks surged to end the week. Even with Friday’s pop, last week, the S&P 500 declined 0.1% and the Nasdaq fell 1.8%. On a positive note, the Dow Jones rose 2.5% last week.

 

Economic reports from last week came back mixed:

•Employment (Private) - lower than expectation

•Job Openings - lower than expectation

•Consumer Sentiment - higher than expectation

•Consumer Credit - higher than expectation

•Jobless Claims - higher than expectation

 

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

 
 
 

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