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

hyggeadvisors
Aug 31
1 min read

Stocks notched a winning week, last week. The S&P 500 advanced 0.5%, the Nasdaq gained 0.9% and the Dow Jones added 0.5%. Federal Reserve Chairman, Kevin Warsh, spoke on Friday stating some worries about the current inflation trends. With his comments, expectations for an interest rate increase in September is looking more likely.

  

Economic reports from last week came back mixed:

•Single-Family Home Values - lower than expectation

•New Home Sales - lower than expectation

•Consumer Confidence - lower than expectation

•Consumer Sentiment - higher than expectation

•Manufacturing (Richmond) - lower than expectation

•Personal Income - higher than expectation

•Gross Domestic Product - in-line with expectation

•Jobless Claims - lower than expectation

 

This week, investors will look for guidance from economic reports like Manufacturing, Construction Spending, Job Openings, Vehicle Sales, Employment, Labor Productivity and Jobless Claims.

 
 
 

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