Join Tematica Research's Chief Macro Strategist, Lenore Hawkins, and Chief Investment Officer, Chris Versace, as they discuss and debate what's driving the market and the economy this week. Markets last week Last Thusday the Nasdaq closed up 0.7% for its 17th record high in 2021. Not to be outdone, the S&P 500 gained 0.6% to make its 30th record close for the year and the Dow added nearly 1%. The long bond remained fairly steady at 2.1% while WTI crude rose back above $73 a barrel and gold dropped lower to $1,775 an ounce as the VIX fell below 16, near to its pandemic-period lows. Key Economic Data and Related Events LAST WEEK Probably the biggest news was that a bipartisan group of Senators came to an agreement with the Biden administration on a roughly $1T infrastructure plan $579b new spending $312b transport $10s b on water infrastructure, broadband, environmental remediation, power & electrical grid Funding from new IRS enforcement? Ugh $100b in public/private partnerships $65b in 5G wireless spectrum sales Less than 60 votes in total right now for it in the Senate Economic Data to Watch THIS WEEK Tuesday, June 29:  April FHFA Housing Price Index HOUSING April S&P Case-Shiller Home Price Index HOUSING June Consumer Confidence Wednesday, June 30:  June ADP Employment Change Report + Friday’s (LABOR) June Chicago PMI - Markit’s from last week showed slowing (SLOWING) May Pending Home Sales HOUSING Thursday, July 1:  Weekly and Continuing Jobless Claims (LABOR) May Construction Spending (SLOWING) June ISM Manufacturing Index (SLOWING) Friday, July 2:   June Employment Report (LABOR) May Factory Orders.  (SLOWING)   Resources: Tematica Research | Chris Versace | Lenore Hawkins Related: The Week Ahead: Is the Market Too Confident?