It was another crazy week in the US equity markets with the SPX (S&P 500 Index) closing the week ~5.7% higher than last week’s close:

It was a brutal week in just about all major markets with the SPX losing a little over 9% from last week’s close – most of this within the last 2 days of the week with concerns over the effects that tariffs might have on the cost of living and the economy generally:

It was a week of sideways consolidation in US equity markets with the SPX (S&P 500 Index) closing slightly (~0.5%) higher than last week’s close after a small bounce off support at 5520. However, volume was average so there is no evidence of strong institutional buying or selling – maybe we will see a little […]