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

The Strength of the Market is: Weak

Investors remain cautious about the war between Russia and Ukraine and fears have intensified on inflation. High fuel prices and lower inflation-adjusted income levels have many becoming more pessimistic about the U.S. economy. Last week, the Dow Jones lost 2%, the S&P fell 2.9% and the Nasdaq was down 3.5%. Economic reports from last week came back mostly negative: •Consumer Credit - worse than expectation •Small Business Optimism - worse than expectation •Job Openings - better than expectation •Jobless Claims - worse 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.

Comments


bottom of page