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Strength of the Market
a weekly blog on what's happening in Financial Markets

The Strength of the Market is: Strong but Weakening

Renewed fears of a recession dragged stocks lower and into correction territory. Last week, the Dow Jones was down 2.1%, the S&P 500 was lower by 2.5% and the Nasdaq fell 2.6%. Even with strong economic reports, investors are still expecting the US economy to slow down.

Economic reports from last week came back mixed:

•National Economic Activity - lower than expectation

•New Home Sales - higher than expectation

•Pending Home Sales - higher than expectation

•Personal Income - lower than expectation

•Consumer Sentiment - higher than expectation

•Jobless Claims - higher than expectation

This week, investors will look for guidance from economic reports like Manufacturing, Housing, Consumer Confidence, Employment, Job Openings, Construction Spending, Vehicle Sales, Labor Productivity and Jobless Claims.


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