Friday was the last trading day of the month. That means we’re officially in May when, traditionally, it’s time to sell and walk away. Next week we’ll begin to see whether that attitude comes to fruition this year. Jack Bouroudjian gives us a couple of things we should be watching next week that have traders’ eye. […]
Jack talks about the buying which came in on T + 3 for the month of April and explains what the Secretary of the Treasury proposed in Tax reform.
Jack reminds us of the headline risk running the price action in the markets along with the coming end of the month. Focus will continue to be on developments out of Europe and corporate earnings.
Earnings and headline risk seem to be taking center stage. Although earnings are strong, geopolitical concerns are keeping a lid on equity prices. Keep an eye on developments out of Europe this weekend.
Jack discusses the start of earnings season and the release of the Beige book. He also points out that this is a very conflicted time for the FED between the action in the interest rates and the economic releases.