Equities briefly tagged their twenty-day moving averages last week, only to partially recover on the last day of the quarter. Indeed, the S&P 500 (SPY) closed up +0.8% and +3.0% higher for the week and month, respectively. A nearest neighbor look ahead going into the summer suggests continued smooth sailing, but at a slower pace of incline and with increased risk of retrace events [link].
[Week 14 Calendars: Economic | Reporting]
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