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

With inflation slowing, hopes are high that the Federal Reserve will soon slow its interest rate hiking campaign. Following smaller-than-expected inflation for the month of October, last week, the Dow Jones was up 4%, S&P 500 gained 5.9% and the Nasdaq was higher by more than 8%.


Economic reports from last week came back mostly negative: •Consumer Credit - lower than expectation •Small Business Optimism - lower than expectation •Consumer Sentiment - lower than expectation •Jobless Claims - higher than expectation This week, investors will look for guidance from economic reports like Manufacturing, Retail Sales, Housing and Jobless Claims.