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📊All Eyes on the Labor Market
Issue #54 TIA Market Recap
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This Week’s Market Forecast… 📊
The market is poised for another eventful week, with earnings and economic data top of mind. We are essentially at the end of first quarter earnings season, but a few key companies still need to report and will offer important insights into the consumer.
This week, we will hear from CrowdStrike, Five Below, and Lululemon. Each report will highlight different parts of the economy, but all will be useful. Five Below will give us a look into the overall consumer and trends in the lower-end retail space. Lululemon will provide insight into higher-end retail, and it will be interesting to see where demand is heading.
Many expected this earnings season to be weak, but it turned out more positive than anticipated. A number of investors believe the strength of the labor market is what is keeping the economy resilient. So far, it has held up well, and we have not seen a significant wave of layoffs this year.
This week, we will get fresh reads on employment. The Non-Farm Payrolls report comes out Friday and will show how many jobs were added in April, along with the latest unemployment rate. Weekly jobless claims, released Thursday before the bell, will also be closely watched. This metric is considered more of a leading indicator due to its weekly frequency.
Right now, I think the market is in a healthy spot. I believe we may stay rangebound over the next few weeks until more clarity emerges. With earnings season mostly behind us and no clear signals from the Fed on rate cuts, I do not see many catalysts for near-term upside. That said, I remain positive on the second half of the year. If the economy continues to hold up, we could see a 10 percent gain across the third and fourth quarters.
As always, stay positive, get invested, and be optimistic.
Have a wonderful weekend!!
Top ETFs on our Radar… 📈

iShares Expanded Tech-Software Sector ETF
The iShares Expanded Tech-Software Sector ETF has performed exceptionally well this year. Software companies have shown strong performance as investors seek to identify the next big winner in AI.
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Thanks for reading and have a great week!
-Ryan
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