Will Tech's Mediocre March Create Any Problems Going Forward?
Since I will be traveling for the holiday, this week’s weekend edition is shorter than usual. In other words, what we used to call “The Weekly Top 10” will be “The Weekly Top 7” this week. Thank you…and enjoy the long weekend!
Table of Contents:
1) The earnings picture is a reason to be worried about this rally, not excited about it.
2) However, there are a lot of reasons to think the market can rally further in Q2.
3) The bond market is still very close to a level that will confirm an important change in trend in yields.
4) The tech sector actually has an incredibly mediocre March…so its rally is losing steam.
5) Update on the charts of the S&P 500 and the NDX Nasdaq 100.
6) The financials stock sector is seeing some meaningful cracks in its rally.
7) Summary of our current stance.