The unending string of up weeks we saw in stocks in Q1 has ended here in April.
The market had a volatile week, with the S&P ending roughly 100 points lower and bond yields continuing to rise, with the UST 10-year now over 4.5%
Notably, the S&P has broken below the bullish trendline it has been trading in since the bull rally began back in November.The breakdown is unconfirmed as of yet.
But if stocks close a little lower from here without regaining their 20 Daily Moving Average, then it will be...so next week will bear close watching.
Portfolio Manager Lance Roberts and I discuss this in depth - as well as Jesse Felder's "three 50s" warnings, inflation, bonds, the price action in gold & oil, as well as his firm's recent trades.
For everything that mattered to market, watch this week's Market Recap featuring Lance Roberts.
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