Good morning. Equities are starting the week a little higher, sp +5pts, we're set to open at a new historic high of 2122. Metals are bouncing, Gold +$7, with Silver +0.8%. Oil is set to open -0.2%, but holding within the large upward trend.
sp'daily5
Summary
So... another new week begins. There is little reason why we won't end April (May is this Friday) in the sp'2130s.
Biggest issue this week will be the FOMC announcement on Wednesday, but that shouldn't hold bear any surprises.
China had a strong day, settling +3% in the 4500s, that now makes for a monthly gain of around 20%. The giant 5k threshold is within reach by late May/early June... pretty incredible. A 20/30% pull back - back to 4000/3500 remains a high possibility, but really, who wants to dare step in front of that freight train?
notable early strength: DIS +1.1% @ $110.70... another new high
--
Update from Oscar
--
Good wishes for the week ahead!