Markets in Review | Week ending 04/06/23
Limited action to end the week left the markets in the red for the week as traders and participants alike wait on the jobs report to be released on Friday.
Limited action to end the week left the markets in the red for the week as traders and participants alike wait on the jobs report to be released on Friday.
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Another late week rally was not enough to undo an early week pullback as the S&P 500 slipped -0.4% for its first back-to-back weekly decline since February.
The S&P 500 and Dow just missed a fourth consecutive week of record highs, while the yield on the 10-year U.S. Treasury fell for the third straight week.
This time last year, we were all forced to make drastic changes to our everyday lives -- working from home, acting as educators to our children and grandchildren, and settling in for the unknown long-term. Fortunately, there is finally optimism and a shred of pre-pandemic normalcy.
Stock market outlook remains cautiously optimistic, with momentum on the market's side. Consumer net worth and corporate earnings are up, but the market feels stuck in a loop.