At the beginning of the first quarter corporate earnings reporting season, we noted the earnings bar probably wasn’t set low enough, given the abruptness of the shutdowns in March.
Stocks may have been due for a pullback after gains in late March through April and could potentially have further to fall.
As May began, investors continued to try to reconcile the strong rebound in stocks with the devastating economic damage from COVID-19.
The historically worst six months of the year have officially started, and combined with technical warnings, that suggests stocks may take a well-deserved break soon.
The last week of April was a big news week. A very weak first quarter GDP highlighted a busy economic calendar…
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