“A hawkish Fed, high inflation, war are among the reasons to doubt this US stock market’s V shaped rebound. My work suggest naysayers risk missing out on a run to a record high after the Noise” — Paul Ebeling
This is a shortened wk of trading as Markets are closed Friday in observance of Good Friday, but there is a lot of important information packed into the wk. I will be noisy. So, Tune out the Noise!
The CBOE Volatility Index jumped 15.0% to 24.34 amid increased hedging interest given the persistent selling pressure in equities.
Investors did not receive any economic Monday. Looking ahead, the Consumer Price Index for March and the Treasury Budget for March will be released Tuesday.
- Dow Jones Industrial Average -5.6% YTD
- S&P 500 -7.4% YTD
- Russell 2000 -11.8% YTD
- Nasdaq Composite -14.3% YTD
On the Crypto Front
Based on the data from crypto derivatives aggregator, Coinglass, and digital asset firm, CoinShares, last wk started a correction in the crypto market.
Back again next Tuesday.
Have a Happy Easter
Have a prosperous week, Keep the Faith!