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Multiple Events Sink Stocks
While stocks declined last week, the losses were modest given the many problems that arose. The nuclear threat emanating from North Korea was the most unnerving, but the impending hurricane and more shenanigans in DC also contributed to the angst on Wall Street. Stock indexes declined a bit less than 1%. It could have been worse, leading investment seers to believe that the markets are still on an upward trajectory.
This will be a busy week for economic reports. On balance, these reports are expected to show that the U.S. economy is in pretty good shape.