Another week, another stock market record. Unemployment Claims hit their lowest level and Consumer Optimism hit its highest level since the beginning of the pandemic. With an improving health situation and trillions in stimulus, the economy seems to have plenty of room to continue growing.
Economic reports from last week came back almost all positive:
•Small Business Optimism - better than expectation •Manufacturing (New York) - better than expectation •Manufacturing (Philadelphia) - better than expectation
•Retail Sales - better than expectation
•Housing - in-line with expectation
•Jobless Claims - better than expectation
•Consumer Sentiment - worse than expectation
This week, investors will look for guidance from economic reports like Jobless Claims, National Activity, Existing Home Sales, New Home Sales and Manufacturing.