It’s a Friday! Fridays have not been kind to equities this year, with indexes closing in the green only 26% of the time (tough to take risk during the virus outbreak). Currently though, stocks are trying to beat those odds. Led by Tech/ Semis, the S&P is hovering near its 50 day moving average (2807). Underperforming? Energy names are giving up some of their 15% gains seen this week (even in the wake of the Oil implosion). US Treasuries are also stable today, with the 10-year yield currently sitting at 0.60% Next week is busy for the Central Banks, and the Fed meets Tuesday and Wednesday. Plus, earnings will be in full swing (especially from the FANG gang).
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