Stock Market Weekly update -Apr 12
The stock indexes had a big rally for a 2nd week amid the Iran ceasefire news, now moving up closer to all time highs! CAT reached an all time high, as did the Semis ( SMH ) while TSLA dropped for yet another week, as did NKE . Oil moved lower on the ceasefire, but CPI was higher again, while Consumer Sentiment dropped to its lowest in history! GDP was also down. Not good news, but the market rallied anyway. ETH was up around 10%, with a similar rally in Bitcoin . Big earnings week ahead! S&P 500 slips Friday, but index posts best week since November after fragile Iran ceasefire deal Consumer sentiment hits record low, inflation fears rise amid Iran war US economy grew a sluggish 0.5% in fourth quarter, government says, downgrading previous estimate The week ahead: 1st week of Earnings -big Banks, NFLX, TSM… Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - dropped slightly to 4.32% The Dollar - dropped below 100 ...