Morning Market Outlook 04292024

Monday Morning Market Outlook - April 29, 2024 Good morning, Welcome to this Monday's Market Outlook. The premarket is relatively quiet today, with no significant economic data releases scheduled. Interestingly, despite the calm, major companies such as Apple, Shopify, and Tesla have received positive news. Last week concluded on an upbeat note, though both the S&P 500 and NASDAQ remained within the trading range of the previous week. Coming into the weekend, there appeared to be a shift in sentiment in the stock market from risk-off to risk-on. This change was also noticeable in the bond market, where there was a renewed interest in emerging-market and high-yield (junk) bonds. Currently, our short-term outlook on the market remains bullish, yet our long-term view is bearish, given that the VIX continues on a weekly buy signal. Enjoy today’s video, and have a great start to your week. Best regards, Stephen Whiteside TheUpTrend.com https://theuptrend.com/morning-market-outlook-04292024/