Market Notes for 4/1-4/5
Recap of last week: Our outlook last week anticipated a choppy market, given the shortened trading week, which typically acts as a tailwind for the market to drift up. Initially, we experienced a 5-point intraday chop for the first few days, followed by selling during the last hour of trading, likely due to quarter-end rebalancing. Subsequently, we observed a squeeze into the close on Wednesday, followed by another flat day on Thursday.
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