In the last two months, but particularly in the last two weeks, it has been extremely difficult to carry out an anticipatory analysis of the Wall Street movement, now it rises, now it falls, in significant swings without great predictability of the final record. There were several occasions when the last few minutes of the day brought reversals of meaning that went around the market or were close to that. Today it was another case in which the losses at the beginning gave way to a recovery soon after the data on the confidence of American consumers, which came out better than expected.
However, with the end of the semester at hand, it should be noted that the S&P500 will earn the “unfortunate” record of the worst quarterly performance since 1938, while the Dow Jones will end with the worst three-month period ever, even after the strong accumulated increase registered in the previous six sessions, in which five were gains and only one devaluation, which is relevant considering that the main stock index was practically a month without being able to add value on two consecutive days.
April should be an equally interesting month on Wall Street and with volatility dominating sentiment, with the next two weeks to be decisive for the medium-term scenario, a downward break from the recent lows and the correction will be much more severe, than that reached this month.
