With signs that inflation might be peaking, investors celebrated and stocks clinched their fourth straight positive week. The S&P 500 rose 3.25%, the Dow Jones was up 2.92% and the Nasdaq Composite moved higher by 3.08%. If inflation continues to ease and the Federal Reserve starts to slow the pace of interest rate hikes, the recent market gains could be much more than a typical bear market rally. Economic reports from last week came back mixed: •Small Business Optimism - better than expectation •Labor Productivity - worse than expectation •Jobless Claims - worse than expectation •Consumer Sentiment - better than expectation This week, investors will look for guidance from economic reports like Manufacturing, Housing, Retail Sales and Jobless Claims.
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