Stocks had their first losing week in well over a month, mostly due to heightened inflation fears - rising at its hottest pace in more than 30 years. Despite last week’s losses, the S&P 500 is up more than 24% in 2021.
Economic reports from last week came back mixed: •Small Business Optimism - worse than expectation •Jobless Claims - in-line with expectation •Job Openings - better than expectation •Consumer Sentiment - worse than expectation This week, investors will look for guidance from economic reports like Manufacturing, Housing and Jobless Claims.