Going in Circles? | Weekly Market Minute

April is shaping up to be another wild month in the financial markets. Yet, for the S&P 500, despite all its movement, it hasn’t gone too far.

On April 7th, the S&P 500 made an intra-day high of 2756. On Friday, April 24th, the S&P 500 made an intra-day low of 2791. We are now going on our third week of the S&P 500 dancing around this, lets call it being range bound in the 2750-2850 levels. There seems to be a tug-of-war going on around these levels between the bulls and the bears.

For the bulls, it’s not only the fact that economies are starting to reopen, but the amount of stimulus being thrown at this problem, and leaning strongly on the Fed.

For the bears, it’s the fact that in 5 weeks 26.4 million people have lost their jobs, more than all the jobs added since the 2008-2009 financial crisis. The fact that confidence has tanked and the amount of uncertainty in an unsynchronized reopening of the global economy.

So, for the week ahead, let’s see who, if any, gets the upper hand as we close out the month.

For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also subscribe to our YouTube channel and check out some of our other social media pages.

This has been your weekly market minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below:

Prefer Audio Over Video?

Stay informed on what's going on in the market without getting caught up in the flashy headlines.

Listen to this Episode:

Going in Circles?

Duration: 1:39

  • LinkedIn Social Icon
  • Facebook Social Icon
  • Twitter Social Icon
  • YouTube Social  Icon

To view a copy of our Customer Relationship Summary (CRS), please Click Here

Advisory services offered through Asset Strategy Advisors, LLC. (ASA), Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC, Insurance offered through Asset Strategy Financial Group, Inc. (ASFG). ASFG and ASA are independent of CIS. To access Concorde’s Form Customer Relationship Summary (CRS), please click here.

Asset Strategy does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstances.

There is no guarantee investment plans will meet its objectives.

This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every advisor listed. For additional information, please contact Asset Strategy at info@assetstrategy.com. 

© 2021 Asset Strategy, LLC 

 Privacy & Use Policies  |  Broker Check  | Tax & Legal Discloure