Last week saw two days of strong back to back rallies. The rallies were the best in over a month and pushed the S&P to above 2080. But then the party stopped and on Thursday and again Friday, investors let the markets drift sideways.
IMF Global Economic Downgrade
There were many reasons for the rally to stall. The IMF downgraded the global economic outlook both on Thursday and again on Friday although they reiterated that there were no signs of a global recession.
Bank Earnings Were Mixed
Part of the trouble was earnings from the big banks which started this week were mixed with JP Morgan boosting the market with slightly better than expected earnings and Wells Fargo Bank disappointing as their balance sheet showed a decline possibly due to over exposure to the oil industry with a number of non-performing loans. Bank of America showed they were basically “muddling” along.
Here is the Stock Market Outlook for the second week of April 2016. This outlook includes strategy tips, valuation guidelines for the week, anticipated market action and the general Stock Market Outlook for the week……. the rest of The Week Ahead article is for FullyInformed Members.
Stock Market Outlook – The Week Ahead For The Second Week Of April 2016
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- Make or Break – Final Week Of February
- Watching The Trend – Third Week Of February
- Retest – Second Week Of February
- Oil, China, Earnings – First Week Of February
- Review Past Week Ahead Articles (listed recent to oldest)
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