E Market Briefing For Tuesday, April 28

So we're getting to the other side of the 'first' peak; trying to avoid another, while not even at a base (in many parts of the Country) warranting opening although stages are being determined. What stores or businesses find their demise before this is all over (ideally it will be with regard to in forefronts of our minds, but that perception, of daily activities without a care, is years off it seems for now).  

For the stock market, we might even make new S&P highs, of course with setbacks along the way, given the Fed remaining behind all of this; with a lot of investors and managers regretting that they liquidated near the lows; and chasing the upside. While this may indeed have proven to be what I'd ideally looked-for, both 'The Crash from Jan/Feb highs' (The Inger Top) and 'max-fear panic capitulation' ('The Inger Bottom') in March, the dynamics of all this are still very fluid. 

While medical (thus commercial) outcomes are of course at the forefront, everyone wants to get back to work and daily life in a safe comfortable way and that is key to stocks. But the broader assessment has to be aware of it in a global and monetary context, as well as geopolitical, energy and other concerns that might seem to be of less primacy (they are since everyone is grappling with Covid-19 globally), so we continue eyeing those too.   

For now the trend is extended, but remains higher. 

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