The sideways churn in stocks this week was pretty boring but also concerning as the S&P 500 Index has rallied a lot in a little time.
But news of strong JP Morgan earnings and China exports gave investors reason to cheer. So there’s your catalyst… at least for today. In today’s video we discuss the sideways consolidation, macro picture, and sectors / stocks we like. Here’s an overview:
JP Morgan starts Q1 earnings season off with a bang
Futures point to a strong open
Economic reports continue to point to decent growth without inflation
Note that Nick Webb is filling in for me today as I am on vacation.
Stock Market Today Video – April 12, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
