Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Nothing new. PE

Thursday, 29 March marks the final day of trading for the Week/Month/1st Quarter of Y 2018.

Heading into the final trading day of the Quarter, the S&P 500 is down 2.5% YTD, the DJIA is down 3.5% YTD, and the NAS Comp is still up 0.6% this year.

Wall Street analysts, me included are calling for another year of double-digit gainers for the S&P 500 after Y 2017’s strong Bull run.

European stocks advanced with US futures Thursday after a mixed session in Asia, as equity markets limped toward the end of the Quarter.

Treasuries rose, tracked by core government bonds in Europe, while USD drifted lower and JPY climbed.

For many traders and investors the arrival of the Easter holiday will be a relief following a roller coaster Quarter in which stellar global equity gains gave way to a volatility blow up in February and a technology-led rout in recent days.

Most Western markets are set to close for Easter Friday and many European countries are also shut Monday.

Have a terrific Easter weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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