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

The Strength of the Market is: Strong

The first week of June was positive for investors. Job growth and increased economic confidence inched stocks back toward all-time highs. Now, investor focus shifts to the massive infrastructure package designed to grow the economy, tackle the climate crisis and create new jobs - which is still in need of major compromise between the Senate and the White House.

Economic reports from last week came back mixed:

•Construction Spending - worse than expectation

•Manufacturing (Dallas) - better than expectation

•Employment Report - better than expectation •Employment Situation - worse than expectation •Jobless Claims - better than expectation •Vehicle Sales - worse than expectation

This week, investors will look for guidance from economic reports like Consumer Credit, Small Business Optimism, Job Openings, Jobless Claims and Consumer Sentiment.


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