Solid Economic Data Boosts Markets

Markets are advancing this morning after solid economic data and President Biden’s federal spending plans spurred a wall street rally in cyclical shares. Treasuries have remained steady while the dollar has strengthened.

Among data reported yesterday was a drop in jobless claims to a new pandemic low. Biden is reportedly set to unveil a budget that would take federal spending to $6 TRIL in the coming fiscal year. Moving forward, the next key data to watch for will be on personal spending due out later today.

Tune in to hear what's moving Friday's market and where to trade to end up in green.