It seems like we just talked about the alternative futures for the S&P 500, which is because we did just last Thursday as we explored the decline in stock price volatility our model projects through the second quarter of 2016.
So what do you say we just get to this week's chart and the news that shaped the trajectory of stock prices in the second week of April 2016!
Here are the main market-moving headlines that stood out to us in the second week of April 2016.
- 11 April 2016:
- Fed's Dudley does not comment on monetary policy, economy - This was before the Fed's short-notice, closed meeting.
- Oil hits four-month high on commodities rally, Doha meeting hopes
- Wall Street ends down after late slide - Reuters original headline for this article was "Wall Street edges higher as investors gird for earnings"
- 12 April 2016:
- 13 April 2016:
- China's jump in exports soothes growth fears, boosts markets
- U.S. business inventories fall slightly, sales weaken further
- Weak U.S. retail sales reinforce Fed caution on rate hikes - note the not-so-subtle messaging being communicated from the Fed!
- China trade data boost dollar, banks lead stocks up
- Indexes gain at least 1 percent as financial shares lead
- 14 April 2016:
- Tame U.S. inflation supports Fed's cautious rate policy - more not-so-subtle Fed messaging on its desired policies.
- Fed's Lockhart sets high bar for possible June rate hike - Flashback from three weeks earlier: Lockhart: Rate hike could come in April - here's where Janet Yellen likely applied some messaging discipline at the closed Monday meeting!
- Wall Street ends flat after two-day run-up
- 15 April 2016:
- U.S. industrial output falls, signals weak first-quarter GDP growth
- Fed's Evans says bar high for any rate action in April - then again, he's been on board with the Fed's telegraphing for a slow pace of rate hikes.
- Apple, energy shares weigh on Wall Street, but week shows gains
And that was the week that was for the S&P 500!