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

Better-than-expected jobs numbers and strong corporate earnings helped advance stocks to new all-time highs. Last week, the Nasdaq climbed roughly 4%, the S&P 500 rose 2% and the Dow Jones gained 0.2%. The S&P 500 has been on a six week winning streak. The unemployment rate stayed steady at 4.3%. Oil prices remained high, at about $95 per barrel, with fire exchanged between the US and Iran, both sides claiming the other struck first. Even with the attacks, President Trump said the ceasefire is still in effect. Investor optimism is back to being high.

 

Economic reports from last week came back mostly positive:

•Job Openings - higher than expectation

•New Home Sales - higher than expectation

•Employment (Private) - higher than expectation

•Employment (Total) - higher than expectation

•Labor Productivity - lower than expectation

•Construction Spending - higher than expectation

•Consumer Sentiment - lower than expectation

•Jobless Claims - lower than expectation

 

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

 
 
 

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