Increased tensions between Ukraine and Russia brought another losing week for stocks. Hotter-than-expected inflation, an acceleration of interest rate hikes by the Federal Reserve and the potential for war may bring additional near-term market volatility and another pullback for stocks.
Economic reports from last week came back mostly negative: •Consumer Credit - worse than expectation •Small Business Optimism - worse than expectation •Jobless Claims - better than expectation •Consumer Sentiment - worse than expectation This week, investors will look for guidance from economic reports like Manufacturing, Retail Sales, Homebuilder Sentiment, New Residential Construction, Existing Home Sales and Jobless Claims.
Comentarios