Closing Comments Friday Apr 21 2017: Stock Markets were held back on Friday as investors awaited the outcome of the first round of the French election results.
As well, investors also worried about the next week when many “big” name stocks are set to report earnings.
During the day however, losses were minimized when President Trump announced tax reform would be announced this upcoming week.
Also on Friday, Federal Reserve Vice Chair Stanley Fischer reported on CNBC that the Fed is still “on track” for 2 more rate increases this year. If there are two rate increases, this will keep the Fed pointed toward 3% by 2019 which remains my guess for where they want interest rates to end up.
Market Breadth Outlook For Monday Apr 24 2017
Here are the Market Breadth Indicator signals after the close on Apr 21 2017 and their outlook for Monday Apr 24 2017.
....The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For Apr 24 2017
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