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Strength of the Market
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The Strength of the Market is: Weak

hyggeadvisors
Mar 28, 20221 min read

As investors continue to weigh interest rate hikes and war in Ukraine, stocks notched their second consecutive winning week. Last week, the Dow Jones was up 0.3%, the S&P 500 gained 1.8%, and the Nasdaq increased by nearly 2%. Investors are starting to believe that the economy can still run strong, even with climbing interest rates and the negative impacts of the war in Ukraine.

Economic reports from last week came back mixed: •Manufacturing (Richmond) - better than expectation •Manufacturing (Kansas City) - better than expectation •New Home Sales - worse than expectation •Pending Homes Sales - worse than expectation •Consumer Sentiment - worse than expectation •Jobless Claims - better than expectation This week, investors will look for guidance from economic reports like Manufacturing, Single-Family Home Values, Consumer Confidence, Construction Spending, Employment, Job Openings and Jobless Claims.

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