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Weekly Market Recap Apr 21, 2019
by Mark Hanna on April 22, 2019 at 2:03 am
This past week was the definition of "consolidation" - a period of very little movement and volatility after a large move up to work off overbought conditions. A slight gap up Tuesday was about it in terms of excitement for the week. Bulls remain in full control. We are in the midst of earnings season - it is not a great one but companies have lowered the bar enough that they will "beat",... […]
Weekly Market Recap Apr 14, 2019
by Mark Hanna on April 15, 2019 at 1:51 am
It was generally a quiet week as not much progress or rumor on the "Chinese - U.S. trade deal" happened. Four days of consolidation followed by a gap up Friday on strong bank earnings pre market (along with Disney news). Markets also got a lift Friday from trade data released by China that showed March exports rose 14.2% from a year earlier versus forecasts calling for a rise of 8.7% and after... […]