US Economic Indicators Are Strong But China Doubt Lingers
A couple of economic indicators reported this week helped the market to stay strong. Trade discussions with China have kept the market uneasy though.
US Weekly Jobless claims fell more than expected. This means that more people are finding jobs! Maybe you have firsthand knowledge of a friend or family member being able to find a job or make a career move due to the numerous openings available.
US Housing Starts rose more than expected in April. With mortgage rates lower, home builders remain confident enough to continue building.
With good news why is the market still volatile?
There still remains one large unknown in the trade discussion between the US and China. This lingering doubt still looms large as to how the outcome of any decision will effect all countries. Because of the weight of the trade discussions market volatility will continue. Until there is some resolution and agreement between these two countries we expect volatility to continue.
Remember that investing requires a time horizon to withstand market fluctuations such as we have experienced these past couple of weeks.
Wondering how this affects your investments? Schedule a call with Michelle and Steve to discuss your portfolio today.