Jason Goepfert

4-08-2022 at 5:32 pm

Daily Report : Weekly Wrap for Apr 8 - Bond thrusts, positive tech developments, a couple of worries

This week, we saw the bevy of breadth thrusts expand to the high-yield market. Technology stocks have surged, with the Nasdaq 100 enjoying an outside up month. That has powered a significant retracement in the Nasdaq Composite. Several other factors also point higher for tech stocks. There are some worries, like the latest ISM data and a still-struggling market environment. Transportation and homebuilding stocks have plunged.

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