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Stocks Struggle in The First Week of the Second Quarter

The market had another down week. While last week was firmly led by defensives, this week showed a bit more of a mix. Technology and Communication Services were the main losers. Energy, Materials, and Staples led by Consumer Discretionary and Industrials were also slightly in the green as well. Elon Musk’s Twitter saga continued, and the world’s richest man made an offer to buy Twitter for about $43 billion, or $54.20 per share. Mr. Musk of course also used the opportunity to criticize the S

The market had another down week. While last week was firmly led by defensives, this week showed a bit more of a mix. Technology and Communication Services were the main losers. Energy, Materials, and Staples led by Consumer Discretionary and Industrials were also slightly in the green as well. Elon Musk’s Twitter saga continued, and the world’s richest man made an offer to buy Twitter for about $43 billion, or $54.20 per share. Mr. Musk of course also used the opportunity to criticize the SEC and even called some at the agency “bastards.” Musk has spoken about his vision as making Twitter a more inclusive arena for free speech: a digital town square.

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