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

Stocks have been down for two straight weeks. The latest inflation data came in slightly lighter than expected. The positive inflation news failed to spark a stock market rally. The S&P 500 and Dow Jones were both off more than 1% last week and the Nasdaq lost roughly 2%.

 

Economic reports from last week came back mixed:

•Small Business Optimism - lower than expectation

•Retail Sales - lower than expectation

•Employment (Total) - higher than expectation

•Unemployment Rate - lower than expectation

•Existing Home Sales - lower than expectation

•Inflation (Consumer) - lower than expectation

•Jobless Claims - higher than expectation

 

This week, investors will look for guidance from economic reports like Manufacturing, Gross Domestic Product, Personal Income, Consumer Sentiment, Housing, Inflation and Jobless Claims.

 
 
 

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