DPR Update: Nothing to do
Well, despite the great results from the tech companies, its seems that the after hours euphoria was short lived today. However, the QLD still managed to eek out another gain as the Nasdaq once again hit a new all time high.
The primary number that dragged things down was the GDP report. It came in at 0.7 when an expected 1.2% was hoped for. That added to the further craziness of the rhetoric around North Korea seemed to pull things back from the highs.
The S&P 500 toyed with a new all time high without actually getting there. So 2400 still remains the number to beat and it isn’t now going to happen in April. Therefore, with Monday being the dawn of a new month, I’d like to see it bring on a bullish May!
Have a great weekend!