The Strength of the Market is: Strong
After a sensational 2020, stocks began the year with some concerns, which have carried over from last year - 1.) the coronavirus pandemic and 2.) runoff elections. Investors view on health, economics and proposed policy have taken a toll on, especially, US markets, at least in the first trading day of the new year. As the roll-out of the Covid-19 vaccine continues and run-off election results become known, investors should soon have a better idea of what 2021 may bring.
Looking at the economics from last week, reports came back mostly positive:
•Jobless Claims - better than expectation
•Manufacturing (Dallas) - better than expectation
•House Prices - better than expectation
•Pending Home Sales - worse than expectation
This week, investors will look at items like Vehicle Sales, Manufacturing, Employment & Jobless Claims and Consumer Credit.