The Strength of the Market is: Strong but Weakening
- hyggeadvisors
- Mar 31
- 1 min read
Pressured by growing uncertainty on U.S. trade policy and a more grim outlook on inflation, stocks dropped last week - the S&P 500 lost 1.53%, the Dow Jones shed 0.96% and the Nasdaq declined by 2.59%. Increasing concerns about persistent inflation have inflation expectations hitting their highest levels since 1993. The recent market sell-off is hopefully just a hiccup as investors struggle to understand the Trump administration’s new trade policies. This week, investors are looking to April 2, when President Donald Trump is expected to announce further tariff plans.
Economic reports from last week came back mostly negative:
•Consumer Confidence - lower than expectation
•Single-Family Home Values - lower than expectation
•New Home Sales - lower than expectation
•Pending Home Sales - lower than expectation
•Consumer Sentiment - lower than expectation
•Gross Domestic Product - in-line with expectation
•Personal Income - higher than expectation
•Manufacturing (Richmond) - lower than expectation
•Jobless Claims - lower than expectation
This week, investors will look for guidance from economic reports like Manufacturing, Construction Spending, Job Openings, Vehicle Sales, Employment and Jobless Claims.
Comments