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Strength of the Market
a weekly blog on what's happening in Financial Markets
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The Strength of the Market is: Weak

Last week, all major stock averages finished up for the week. With a stronger-than-expected jobs report, the Federal Reserve will likely stay on track for more aggressive rate hikes and, at least temporarily, fears of recession have been reduced. The week ahead may be challenging and bring additional volatilily - the latest Inflation data will be released mid-week, which is expected to come in high again, and the quarterly Corporate Earnings season begins, where corporate profits may disappoint.

Economic reports from last week came back mixed: •Vehicle Sales - worse than expectation •Job Openings - better than expectation •Total Employment - better than expectation •Consumer Credit - worse than expectation •Jobless Claims - worse than expectation This week, investors will look for guidance from economic reports like Small Business Optimism, Retail Sales, Manufacturing, Consumer Sentiment and Jobless Claims.

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