Setup for stocks favorable for April... inflation cooling = aiding dovish Fed. Rule of 1st 5 days implies S&P 500 >4,275 by end of April.

At the start of 2023, Street consensus was bearish on equities, both sellside and investors. We have written about the unusual bearishness of Street in 2023, so we will not cover this ground again. But as we noted in our 2023 Outlook (early Dec), we wrote how probabilities favored S&P 500 gaining >20% (>4,750 by YE) with multiple factors driving this view.

at start of April, S&P 500 up +7%, the strongest start since 2019S&P 500 posted two consecutive quarterly gains, whic...

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