Market Notes for 4/8-4/12
Recap of last week: Our outlook last week was to look for dips to buy, as we still held bullish positioning. With earnings on the horizon, it seemed unlikely to see a market correction before that. This prediction was somewhat mixed; while we did observe dips being bought, an unexpected significant rally in oil prices and Federal Reserve remarks on Thursday led to an intraday reversal of 2% from top to bottom. This type of movement hasn't occurred in quite some time, serving as a warning to bulls.
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