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Weekly Market Recap Apr 15, 2018
by Mark Hanna on April 16, 2018 at 3:33 am
One thing technicals cannot account for are news events, and Tuesday's relaxation of fears about #TRADEWARS(tm) drove indexes to a very nice rally that day. That said we've stated that fear has been a bit overblown and emotional. Monday, Trump tweeted “China will take down its Trade Barriers because it is the right thing to do. Taxes will become Reciprocal & a deal will be made on... […]
Weekly Market Recap Apr 8, 2018
by Mark Hanna on April 8, 2018 at 4:34 pm
Volatility continued this week as #TRADEWARS(tm) rhetoric continued - more rhetoric than action, but traders got antsy again. Monday and Friday saw significant drawdowns, while the middle of the week saw positive returns. That said Wednesday was quite the day with a big swing from losses to gains - doubt we had a single day like that in all of 2017! Also of note: the S&P 500 fell below it's... […]