Daily Market Commentary

Stocks were relatively flat on Monday although there were some intraday modest gyrations after the shooting at the U.S. the Capitol Visitor Center. The Dow ended the day up 20-points, the S&P 500 was up 1, and the Nasdaq was down 6. Volume was quite light - the lightest of the year for the S&P 500. Janet Yellen speaks this week and we get the March jobs report on Friday so it could be quiet week mixed with occasional fireworks.

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Stocks were relatively flat on Monday although there were some intraday modest gyrations after the shooting at the U.S. the Capitol Visitor Center. The Dow ended the day up 20-points, the S&P 500 was up 1, and the Nasdaq was down 6. Volume was quite light - the lightest of the year for the S&P 500. Janet Yellen speaks this week and we get the March jobs report on Friday so it could be quiet week mixed with occasional fireworks.

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Stocks were flat on the Thursday before the long market holiday weekend but closed well off the lows potentially creating a positive reversal day, but pre-holiday trading can be very unpredictable so I won't call it a reversal officially. The Dow gained 13-points while the S&P 500 closed just slightly in the red.

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Stocks pulled back yesterday with different degrees of severity. The Dow and and S&P 500 saw modest losses while the Nasdaq and small caps were hit much harder. A few of the FOMC committee members have indicated that they disagree with Janet Yellen's dovish guidance on interest rates, and that sent the dollar higher and put pressure on stocks and commodities.

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Stocks were mixed again yesterday with the Dow shedding 41-points and the S&P down 2, while the small caps, the Nasdaq, and the I-fund closed slightly higher. The bombing in Brussels shook up the overnight futures but as soon as the stock markets opened, the relentless bulls pushed forward, although by the end of the day there was a slight slowdown in momentum.

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