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Stocks came out of the holiday weekend with some strength but the rest of the week was inconsistent with no clear trend. A few day to day factors were driving this rollercoaster of a week; some of which only affected large caps so naturally we saw the S-fund outperform this week by more than 1%. Hitting the headlines were the poor earnings report from Goldman Sachs, the more than 7% loss in oil for the week, the close upcoming election in France, and President Trump claiming he has big news concerning
The first two days of the four day trading week had the typical action of early selling followed by dip buyers as we've been use to lately. Dip buyers took an early Easter vacation and didn't show up Wednesday or Thursday stringing two days of enough losses to give both the C and S-fund more than a 1% loss for the week. It seems geopolitical news and attitudes of public officials on the state of the economy are getting to investors and now they want some positive news before putting more money to
Traders were put to the test this week as an combination of economic and political news kept everybody on their toes. With a slow start to the new month as it was, things got interesting Wednesday when an ADP payroll report sent stocks rallying in front of the Fed minutes where the headlines was that the Fed's believe stocks were over priced. In case that was wasn't enough to send buyers in retreat, nearly simultaneously House Speaker Paul Ryan made comments about the lack of consensus on the tax
Stocks were up this week saving March from being a total disappointing month for stocks. This push by the bulls on the last week of this month put the C-fund into positive territory and gave the S-fund an impressive comeback to fall just short of an even return for March. In the end March was good for stocks; the establishment and successful testing of key technical support lines gave the indices some stability as we move forward. Talks of tax reform policies as well as the upcoming earnings season
The highly anticipated results of the healthcare vote never manifested as the republicans pulled the bill because they did not have the votes to pass it. The anticipation shook the market up early in the week but in the end stocks didn't react much to the non-vote on Friday afternoon. If anything it was positive.
Investors will now have their attention focused on the tax reform negotiations, which is really what they're interested in. That and the debt ceiling fiasco could set the