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

The Strength of the Market is: Weak

Last week, punishment was paused from the painful market sell-off over the last two months. A much needed rally gave stocks their best week since November of 2020 - the Dow Jones finished up 6.2%, the S&P 500 was 5.6% higher and the Nasdaq gained 6.2%. The big relief bounce was helped by strong retail earnings and reports of slowing inflation.

Economic reports from last week came back mostly negative: •National Economic Activity - better than expectation •Manufacturing (Richmond) - worse than expectation •Manufacturing (Kansas City) - worse than expectation •New Home Sales - worse than expectation •Pending Home Sales - worse than expectation •Personal Earnings/Spending - worse than expectation •Consumer Sentiment - worse than expectation •Jobless Claims - worse than expectation In a busy holiday-shortened week, investors will look for guidance from economic reports like Housing, Manufacturing, Consumer Confidence, Job Openings, Construction Spending, Vehicle Sales, Employment, Labor Productivity and Jobless Claims.


bottom of page