July finished with US stocks notching their sixth straight positive month. Although, the spreading delta variant, along with inflation and economic growth, has created some new concerns. The Federal Reserve is doing their best to calm these concerns by providing continued financial support for the foreseeable future - support that is highly desired by investors and financial markets alike.
Economic reports from last week came back mixed:
•New Home Sales - worse than expectation
•Single-Family Home Prices - worse than expectation
•Pending Home Sales - worse than expectation
•Manufacturing (Dallas) - worse than expectation
•Manufacturing (Richmond) - better than expectation
•Consumer Confidence - better than expectation
•Jobless Claims - worse than expectation
•Consumer Sentiment - better than expectation
•Personal Income & Consumer Spending - better than expectation
This week, investors will look for guidance from economic reports like Construction Spending, Vehicle Sales, Employment, Jobless Claims and Consumer Credit.
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