FYI: It was another week of “modest moves” in a year that thus far has been completely full of them. The lack of volatility in 2017 has been both striking and at times record breaking. (last week we noted the daily S&P change of 0.3% was the lowest since the late 1960s!). For the week, the S&P 500 shed 0.3% and the NASDAQ 0.6%. Wednesday was the one day of significant volatility as solid early gains due to the ADP private sector employment data (+263K jobs created) was offset by selling following the release of the Federal Reserve minutes. Futures slid Friday on the Syrian strike but recovered much of that before markets opened in the U.S. Friday. No war of words at the Trump-Xi summit this week as both leaders projected everything as hunky dory.
Regards,
Ted
https://www.stocktrader.com/2017/04/09/weekly-market-recap-apr-9-2017/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+Stocktrading101+(StockTradingToGo)
