The Strength of the Market is: Weak but Strengthening

July's jobs report came in much better-than-expected. Now, investors are trying to figure out what a strong labor market means to the Federal Reserve’s interest rate campaign - with the hot jobs report, the Federal Reserve will likely continue to act more aggressively on interest rate increases. Last week, the Dow Jones Industrial Average fell. While, both the S&P 500 and the Nasdaq ended the week higher. Economic reports from last week came back mixed: •Construction Spending - worse than expectation •Job Openings - worse than expectation •Vehicle Sales - worse than expectation •Jobless Claims - in-line with expectation •Consumer Credit - better than expectation •Employment - better than expectation This week, investors will look for guidance from economic reports like Small Business Optimism, Labor Productivity and Jobless Claims.