Test Post – Ignore

The US economy/GDP grew at 1.5% for the second quarter. Yes, that was better than the expected 1.3% growth, but it’s still not not a great number to provide stocks a sustained upside. The consumer sentiment was better than expected as well, but again still a relatively weak number to base further growth in stocks relative to the economic growth. This week ends the month of July and there will be plenty of data to digest as the week progresses. The Jobs Reports will be on key ingredient with ADP reflecting what is happening with the private sector, Jobless claims are a question on how we are dropping without hiring, and the government Jobs Report on Friday with estimates for only 110,000 jobs added. ISM Manufacturing data on Wednesday with estimates to climb back above the 50% expansion level again. If it fails to make that level it would be a big negative looking forward. ISM Services numbers on Friday with expectations at 52.9%. The services have been stronger the last couple of months, but the earnings data is showing some slowing in the leisure sector? The economy has been gradually declining since February, and it is in need of some signs of life going forward. If the market is to sustain any type of uptrend the economic picture has to change/improve.

The US economy/GDP grew at 1.5% for the second quarter. Yes, that was better than the expected 1.3% growth, but it’s still not not a great number to provide stocks a sustained upside. The consumer sentiment was better than expected as well, but again still a relatively weak number to base further growth in stocks relative to the economic growth. This week ends the month of July and there will be plenty of data to digest as the week progresses. The Jobs Reports will be on key ingredient with ADP reflecting what is happening with the private sector, Jobless claims are a question on how we are dropping without hiring, and the government Jobs Report on Friday with estimates for only 110,000 jobs added. ISM Manufacturing data on Wednesday with estimates to climb back above the 50% expansion level again. If it fails to make that level it would be a big negative looking forward. ISM Services numbers on Friday with expectations at 52.9%. The services have been stronger the last couple of months, but the earnings data is showing some slowing in the leisure sector? The economy has been gradually declining since February, and it is in need of some signs of life going forward. If the market is to sustain any type of uptrend the economic picture has to change/improve.