Stock Market Review

The S&P was down 0.4% over the five days, while the Dow declined 0.2%. These drops were slight, but marked the second consecutive week in the red as stocks seem uninspired at the moment. The NASDAQ just completed its third straight negative week, declining by 0.8%.

This morning’s jobs report was pretty disappointing at first glance. However, a closer look offered more positive aspects, especially with wage growth. So now we are left to wonder how this so-so report will impact the Fed’s decision to hike rates in June.

So while the jobs report was far from horrible, was it concerning enough to delay a rate hike from the Fed?  The conventional wisdom believes, for now, that Yellen & the Fed will stand still in June and look toward September for the next hike.

Daniel Iuculano, AAMS CMFC

Accredited Asset Management Specialist

Chartered Mutual Fund Counselor