Monday Market Momentum – Still Heading Higher?

ImageUp and up we go.

Of course Europe is closed on Easter Monday so it's a very low-volume affair and we'll have to see what sticks this week. We have a few early earnings reports but nothing Earth-shaking.  Earnings reports start in earnest next Wednesday, with JPM, GS (and that's all we need to know) along with Wells Fargo, Progressive, First Republic and Bed Bath and Beyond – a very good mix to start earnings season off with.  

Until then, we continue to tread water in thin air (there's a mixed metaphor!) and we're thin on Fed speech this week though Powell speaks on Thursday.  This morning we have PMI, ISM and Factory Orders, JOLTS tomorrow, Housing, Trade and Fed Minutes Wednesday, along with Consumer Credit, nothing Thursday and PPI and Inventories on Friday.  Kind of boring, actually.

IN PROGRESS