Market Notebook

by Cory Haupt | Apr 23, 2025

PRICE ACTION:
Equity prices, as measured by the ticker SPY, and bond prices, as measured by the ticker BND, closed higher during the last week.

SPY +4.28%
BND +0.87%

TECHNICAL ANALYSIS:
SPY volatility is elevated but decreasing within a short-term downward trend. Price movements suggest continued weakness over the short term.

BND price appears to be consolidating within a wide price range.

SENTIMENT:
U.S. trade policy continues to drive significant volatility.

ECONOMY AND FUNDAMENTALS:
Economic fundamentals remain positive, with measures of confidence under stress.

All the best during the week ahead!

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