A 'hybrid' market persists -- rebalancing has been shown quite clearly, as the big techs generally declined and infrastructure/smokestack stocks generally bore the heavy lifting. This can and will rotate in the opposite direction, while you could see some concurrent lifting on a very short-term basis.

Just to note, this report is extremely brief due to my ongoing health concerns.

I just wanted to update that this market is still holding on, all while it remains very expensive in many ways and the shakeouts in some FAANG and other stocks are reminders of the extended level ('The Inger Bottom') in the S&P. We can attain even higher levels, but expecting that now is a bit too much.

In sum, reaching a bit higher may be probable, barring exogenous events. While April and May can be erratic and in a sense shaky, there will be a paucity of fresh money coming into the market; hence some of the bifurcated action.