Stocks Continue Sideways Move in April

“To hell with circumstances; I create opportunities.”
~ Bruce Lee

Good evening:

The story of the past few weeks has been one of sideways chop: The S&P 500 is virtually unchanged from where it began April at 4,124. Over the past six months, the benchmark is up about 10%, and it’s still up nearly 8% year-to-date, despite bearish sentiment, banking woes, inflationary pressure, and recession fears. Pick a negative headline -- it’s probably flashed across the news this year. But thus far, big bank earnings have been largely positive, while the Fed’s interest-rate hiking campaign...