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

The Strength of the Market is: Weak

Friday's jobs report failed to ease investor fears bringing a third straight week of declines for the stock market - the Dow Jones lost 3%, the S&P 500 was down 3.3% and the Nasdaq fell 4.2%. With the Federal Reserve signaling that interest rate hikes aren't going away anytime soon, nervousness continues.

Economic reports from last week came back mostly positive: •Manufacturing (Dallas) - better than expectation •Single-Family Home Prices - worse than expectation •Consumer Confidence - better than expectation •Job Openings - better than expectation •Private Employment - worse than expectation •Total Employment - better than expectation •Labor Productivity - better than expectation •Vehicle Sales - worse than expectation •Construction Spending - worse than expectation •Jobless Claims - better than expectation In a holiday-shortened week, investors will look for guidance from economic reports like Consumer Credit and Jobless Claims.


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