Market Notebook

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

SPY    +3.47%
BND    +0.63%

TECHNICAL ANALYSIS:
The February 19th high in SPY price was breached on the high side, signaling a potential resumption of the upward trend for U.S. equities.

BND price appears to be consolidating within a wide price range; however, price is now approaching the range highs. A break higher could signal positive price momentum.

SENTIMENT:
A cease-fire between Israel and Iran continues to be positive for equities. Any resumption in hostilities has the potential to increase volatility.

U.S. trade policy continues to be a factor in driving price volatility.

ECONOMY AND FUNDAMENTALS:
Economic fundamentals remain positive, with data suggesting the U.S. economy remains resilient in the face of geopolitical and trade-related turbulence.

Positive momentum in bond prices reflects a lowering interest rate environment, which tends to be accommodative to equities and asset prices.

All the best during the week ahead!

Disclaimer: Nothing in this discussion should be considered investment advice. The content of this discussion is strictly my personal opinion and subject to change at a moment’s notice. Investment advice can only be provided to you by your investment professional and not by a general market discussion such as this one. If you wish to speak with an investment advisor, contact us. We can probably help.