Friends

The markets looked to be in a foul mood as the trading session began this morning, but comments from the President midday about some flexibility with regards to tariffs helped to ease the pain a bit and stocks did recover some from the morning lows. Nevertheless, the bulls continue to struggle to form a plan of attack as the bears hold the high ground.

For the day, the Dow Jones Industrial Average was up 32 points to close at 41,985. The S&P 500 was up 4 points to finish the day at 5,667. The Nasdaq Composite Index was up 92 points to close at 17,784. Gold was down $18 to trade at $3,025 per ounce, while oil was up $.14 to trade at $68.21 per barrel WTI.

As mentioned, the bulls have their work cut out for themselves with the April 2nd tariff deadline looming. Let’s marinate some ice cubes and get ready for the final stretch into quarter end next week.

Have a great weekend everyone.

Jim