Easter Rising… Ahead of the long holiday weekend US indices are continuing their attempt at a resurrection. Hope springs eternal (for the moment…) as signs of flattening curves in virus hotspots and proactive planning around how / when countries can reopen their economies have allowed markets to overcome their usual end of week jitters. Still there’s more than a few bunny hops to go before all the damage is undone, with more than 80% of S&P names yet to reclaim their 200-day moving average. Not to mention the week’s gains have largely been carried on the back of some of the easier wins: beaten-down sectors Autos, Banks, and Retail continue to outperform today
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