With just two trading days left of April, those with eyes on the bigger picture should be particularly interested in how the US - and other world markets, trade into the weekend/monthly close. As things are, equity bears should be desperate for the sp'2060s with VIX 15/16s.
Nasdaq comp', monthly
sp'500: a net monthly gain (>2059) now looks highly probable... which will make for another close above the important 10MA.
Nasdaq: currently fractionally lower for the month, and a net April decline does look probable.
Thursday will see the usual weekly jobs, but far more important...
Q1 GDP. Market is expecting q/q growth of 0.7%. However, there are a fair few seeking less.. even a fractionally negative print.
Equity bulls should be somewhat concerned, not least as earnings across most sectors are not exactly inspiring. On the flip side, bears face the fact that the US remains the world's leading economy, and that is where a great of capital continues to flood into.
Goodnight from London