Strength of the Market
a weekly blog on what's happening in Financial Markets

The Strength of the Market is: Strong

This week's key word is Optimism. Investors are very optimistic. Optimistic on the economic recovery, optimistic on the vaccine roll-out and optimistic on the potential $1.9 Trillion stimulus package. All this optimism has resulted in 6 straight days of stock market gains - with last week having its best performing week since November.

Economic reports from last week came back mostly positive:

•Manufacturing - in-line with expectation

•Construction Spending - better than expectation

•Vehicle Sales - better than expectation

•Employment - better than expectation

•Jobless Claims - better than expectation

•Consumer Credit - worse than expectation

This week, Small Business Optimism, Jobless Claims and Consumer Sentiment are the main reports that investors will be looking at for guidance on the economy and markets.