CATH - Sideways With A Splash Of Uncertainty

2024-04-13 03:00:00 ET

Summary

• The S&P 500 established its last record high on the last Thursday in March, right before the long Easter weekend.
• Since then, stocks have bounced around – with a bit more volatility than we’ve been used to seeing lately – in a mostly directionless manner.
• The Q1 earnings season is officially underway as of Friday, with a handful of big banks leading the way.

With all due respect to T.S. Eliot, April is not necessarily the cruelest month - but so far, it has not been particularly upbeat either, as far as US equities are concerned. The S&P 500 established its last record high on the last Thursday in March, right before the long Easter weekend. Since then, stocks have bounced around - with a bit more volatility than we've been used to seeing lately - in a mostly directionless manner....

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