AlphaPicks On Wall Street - April 3rd
After a thorough weekend review, here are ten ideas for you to capitalise on the markets this week.
The story last week was bullish. Very bullish.
After bouncing from Tuesday's lows, SPY rose 4%, and QQQ moved nearly 5.5%. However, for much of the week, the theme was an overnight gap up and chop throughout the US open. However, Friday provided a nice trend with tech names flying.
Stocks are on the back foot to start Monday, and the dollar rose with Treasury yields as a surprise production cut from OPEC+ drove oil prices about 5% higher.
The group’s decision to reduce output by more than one million barrels a day came as a jolt to global markets, sending US and European share futures lower, along with a gauge of Asian equities.
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