Stocks notched their second consecutive losing week as ongoing tensions between Russia and Ukraine continued. Geopolitics, Federal Reserve policy and Inflation are all weighing on financial markets. Investors are likely to remain jittery until there is a major de-escalation in the Ukraine-Russia crisis.
Economic reports from last week came back mixed: •Manufacturing (New York) - worse than expectation •Manufacturing (Philadelphia) - worse than expectation •Retail Sales - better than expectation •Homebuilder Sentiment - worse than expectation •New Residential Construction - better than expectation •Existing Home Sales - better than expectation •Jobless Claims - worse than expectation In a holiday-shortened week, investors will look for guidance from economic reports like Manufacturing, Single-Family House Prices, Consumer Confidence & Sentiment, New & Pending Home Sales, National Economic Activity, Personal Income and Jobless Claims.
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