Another volatile week for stocks, as investors assess the financial risks stemming from Russia’s invasion of Ukraine. To end the week, financial markets calmed with sanctions announced and news that Vladimir Putin is ready to send a delegation for negotiations with Ukraine. The S&P 500 ended a wild week up 0.8%.
Economic reports from last week came back mixed: •Single-Family Home Prices - better than expectation •New Home Sales - worse than expectation •Pending Home Sales - worse than expectation •Manufacturing (Richmond) - worse than expectation •Consumer Confidence - better than expectation •Consumer Sentiment - better than expectation •National Economic Activity - better than expectation •Personal Income - better than expectation •Jobless Claims - worse than expectation This week, investors will look for guidance from economic reports like Manufacturing, Construction Spending, Vehicle Sales, Employment, Labor Productivity and Jobless Claims.
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