Stocks remain at near all-time highs. As markets keep rising, investor fear, although still lingering, is at pre-pandemic levels. For the first time in over a year, investors' main portfolio risk is no longer Covid-19 - transitioning to other concerns like inflation, interest rates and potential tax increases.
Economic reports from last week came back mostly positive:
•Job Openings - better than expectation •Consumer Credit - better than expectation •Jobless Claims - worse than expectation
This week, investors will look for guidance from economic reports like Small Business Optimism, Manufacturing, Housing, Jobless Claims and Consumer Sentiment.