• Was the fact that Chairman Powell took a possible rate HIKE off the table really all that positive?  The Treasury market doesn’t seem to think so…given that it’s still trading very near its 2024 highs.  So, yesterday’s late day drop in stocks was not a big surprise…which also means this morning’s bounce may not hold.  That said, tomorrow’s employment report will be quite important (as usual).
  • AAPL reports earnings after the close today.  On the technical side of things, the battle lines are very well-drawn.  If one of the distinct support/resistance levels is broken in a meaningful way, it should be a very important signal as to where the stock is headed over the rest of Q2…(and probably beyond).


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