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Strength of the Market
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The Strength of the Market is: Strong

Enter Volatility. China banned bitcoin and other cryptocurrencies, Evergrande is dealing with a major debt crisis (one of China's largest real estate developers), we have a slowing economy and many supply chain issues - just to name a few. With the Federal Reserve signaling no imminent adjustments to their easy money policies, the topsy-turvy market of last week was somehow able to finish with gains.

Economic reports from last week came back mostly negative: •Home Builder Optimism - better than expectation •New Residential Construction - worse than expectation •Existing Home Sales - worse than expectation •Jobless Claims - worse than expectation •National Activity - worse than expectation •Manufacturing (Kansas City) - worse than expectation •New Home Sales - better than expectation This week, investors will look for guidance from economic reports like Manufacturing, House Prices, Pending Home Sales, Consumer Confidence, Jobless Claims, Construction Spending and Consumer Sentiment.

 
 
 

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