Stronger-than-expected jobs report on Friday dropped the unemployment rate to 5.4% and helped the Dow Jones and the S&P 500 reach their all-time records. Even as concerns have recently risen about a weakening economy and the delta variant, stocks have continued to grind higher and higher all summer long.
Economic reports from last week came back mostly negative: •Construction Spending - worse than expectation •Vehicle Sales - worse than expectation
•Private Employment - worse than expectation
•Employment (excluding Farms) - better than expectation
•Jobless Claims - worse than expectation
•Consumer Credit - better than expectation
This week, investors will look for guidance from economic reports like Job Openings, Small Business Optimism, Jobless Claims and Consumer Sentiment.