The question is can the market dodge tariffs before earnings restart in April.
The US stocks shined today with oversized gains.
However, let's remember,
- the Dow fell by -1,100 points on Thursday and Friday. It was up +669 points today.
- The S&P index fell from 2711 to Friday's close at 2588. That is a -123 point decline. Today it was up +70.29 points.
- The NASDAQ fell from 7345 close on Wednesday to a close on Friday of 6992. That is a -353 point decline. Today it was up +227 points.
Big winners for the Dow include Micosoft, Intel and JP Morgan.
- Microsoft got a huge boost on an upgrade to $130 from $110. It rose 7.57% to $93.78 today.
- Intel got a boost on reports China might look to buy more chips to appease the US (and tariff threat). It's stock was up 6.32% on strong buying.
- JP Morgan was up 3.08% to $110.31. On April 13th, both JP Morgan and Citigroup will announce earnings. The expectations with lower taxes and other stimulus should be good. JPM stock moved from $118 toward the end of Feb, to 107 at last weeks lows. The stock (and the market) may be in a period where it will try to dodge the negative of the tariffs, before the earnings take over in April.
