From One Of The Worst Weeks In Years, To One Of The Best Weeks

The markets finished off the week adding to their winning streak which now stands at 6 up days in a row. It's also notable that that the market, after putting in one of its worst weeks in years, turned around and put in one of its best weeks.

As mentioned before, with a robust economy, historical tax cuts, and surging corporate earnings, the market has never looked better.

Last week's Housing Starts underscored that strength with 1.326 million units (annualized) vs. the previous month's 1.192 mil. And views for 1.232 mil.

E-Commerce Retail Sales posted a q/q rate of change of 3.2%. That was down a bit from the previous month's 3.6% pace. The percentage of online retail sales to total retail sales remained unchanged at 9.1%.

And Consumer Sentiment rose to 99.9 from the previous month's 95.7 and views for 95.5. Analysts noted that "outside of October last year, this is the highest score in 14 years".

The strength of the economy and the bullishness of the market is undeniable.

Looking for another week of opportunity and gains.

Best,

Kevin Matras

Executive Vice President, Zacks Investment Research

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