The S&P500 has retraced 50% of the correction, and is in the final leg of the current rally, per Elliott Wave. There are several price targets for the end of the current wave between 2800 and 2950.
We saw some positive signs, with regard to infection curves, but ~10% of the U.S. workforce has applied for unemployment over the last 3 weeks. So it'll take time for consumer spending habits to recover.
Banks kick off Q1 earnings season this week. Keep an eye on forecasts for the year, or lack thereof.
More commentary after the jump...Stock Market Outlook - Week of April 12 2020
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