The View from 5th Avenue

The View at Two – 13 April 2020

Monday blahs – US markets posted solid gains last week, but as a new earnings season starts, investors are taking some money off the table.  JP Morgan, J&J, JB Hunt and Wells Fargo report their Q1’s tomorrow, followed by BofA, Citi, Goldman and UnitedHealth Wednesday.  Retail (thanks to Amazon +4.4% and eBay +2.2%) and Food (Walmart +1.6%) are the only sectors in the green, with Homebuilders (-6.9%) and Banks (-3.9%) underperforming.  With many international markets closed for Easter Monday, US volumes are tracking down 16% versus their 20 day average.

The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.

Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.