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Wednesday, May 1, 2024

What the Market Wants: Frankenstorm!

Reminder: Sabrient is available to chat with Members, comments are found below each post.

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

This could prove to be one the most interesting market weeks of the year, assuming the market ever opens.  Talk about uncertainty!  Add Frankenstorm to the litany of other uncertainties such as the election and its impact on a functional Congress, Europe, Middle East, China, and Japan. And we get a spate of new economic numbers this week to add to last week’s generally positive economic reports that included much better Durable Goods Orders, and improved New Home Sales, Initial jobless Claims, advance Q3 GDP, and Michigan Sentiment. Tomorrow we will publish the rest of What the Market Wants once we get a complete view of the storm’s impact. Our thoughts go out to those in the storm’s path and hope they stay safe.

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