Last week sure was interesting as it seemed to begin with panic selling only to end with panic buying. When all was said and done, the S&P 500 finished the week up roughly half a percent. But work stills needs to be done to finish the month in the positive as the S&P 500, as of Friday’s close, is still down just under one-and-a-half percent for the month.
For the week ahead, does the S&P 500 have enough gas in the tank to extend its monthly winning streak to 8? Or do we see its first negative performing month since January? Also, let’s watch interest rates this week. The 10-year Treasury yield is knocking on 1.5%, if it continues to trend higher will that introduce another bout of market volatility?
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