US equities are choppy, if still leaning on the positive side. VIX remains subdued… stuck under the key 20 threshold.
sp’60min
VIX’60min
Summary
Little to add.
4050 still looks pretty easy… if not until tomorrow.
My guess is we max out next Monday.
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notable Dow component: JPM
Reflective of the sector, as the fins are seeing increasing underlying weakness. It should be asked… how bad might Q1 earnings (due mid April) be?
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notable semicon: INTC
Bouncing with the sector/main market.
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notable retail: AMZN
Momentum is prone to turning positive.
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notable fin: PYPL
I see no news… other than chatter that more job cuts are a net positive.
They’re not.