Green Shoots Emerge
It was a good week for stocks as all the indexes headed a bit higher into the start of the second quarter.
It was a good week for stocks as all the indexes headed a bit higher into the start of the second quarter.
The sideways movement over the last few weeks continued as mutual funds, pension funds, and other large institutions are making their final adjustments for the quarter.
The tug-o-war between rising interest rates and potentially strong economic growth continued this week as the 10-year Treasury topped 1.7%.
The Dow Jones Industrial Average (DJIA) continued to pull away this week as the rotation out of growth and into value continues.
While the week was decidedly more volatile, it ended on a positive note.
You may have noticed some of the market enthusiasm has waned in recent weeks.
This week caught me by surprise as I reviewed the numbers.
It has been a pretty eventful start to the year as the momentum of the fourth quarter carried into 2021.
Now that things have mostly settled down with the mob, the market appears to have refocused on other things.
It was quite a choppy week as earnings announcements were overshadowed by a “mob” of retail investors moving markets in unexpected ways.