The Strength of the Market is: Strong
Stocks - with the exception of technology - have continued on their record-breaking pace. Now that over 34% of the US population has been fully vaccinated, investors have shifted some of their interested back to 'reopening' stocks like energy & utilities, transportation and banks. Although, to start off the week, almost everything seemed to be down today.
Economic reports from last week came back mixed:
•Construction Spending - worse than expectation •Vehicle Sales - better than expectation •Employment - worse with expectation
•Jobless Claims - better than expectation •Consumer Credit - better than expectation
This week, investors will look for guidance from economic reports like Small Business Optimism, Job Openings, Jobless Claims and Consumer Sentiment.