- One of the fastest rallies in history, after the strongest and quickest plunge will be tested
- Approaching tech earnings will have to be good enough to justify further rallies
- Oil could continue to fall
Ahead of a for technology company earnings reports, on Friday tech shares led U.S. indices higher. And though the oil market is broken, and as of last Thursday’s release a total of 26 million Americans are now out of work, all four major U.S. indices—the , , and —climbed higher during the final day of the trading week.
Adding to the precarious situation, coronavirus headwinds continue: with more than 2,900,000 reported cases worldwide and 203,332 deaths at the time of writing, ongoing geopolitical risks remain in the forefront.
Most Unclear Market Of All Time?
Though tech stocks led U.S. indices higher on Friday, propelling the NASDAQ to a gain of 1.65%, with the FAANGs and mega cap peers set to release quarterly earnings in the coming week, the small cap Russell 2000 was the…
