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Equities rallied yesterday as investors finally got up the courage to buy stocks on sale. Corporate earnings are rolling in, and so far, so good, but we have a long, long way to go.

Stocks had a mixed close on Friday with tech leaving the field dejected, because stocks also go down sometimes 😉. Three weeks of declines for the S&P500 leaves investors in the lurch, wondering if earnings can be the ointment needed to ease the pain.

Stocks suffered another weaker session, with a marginally mixed close. Early gains could just not stick and all attempts at recovery were thwarted – a sign of technical weakness.

Stocks had another rough session yesterday as traders come to grips with a Fed that is in no rush to make life easier. The Fed’s Beige Book was filled with stories of moderate growth, supporting both sides of the rate-cut debate.

Stocks could not manage a broad, positive close yesterday as investors could not get the Fed fear out of their bones. Construction on new homes declined by nearly -15% in March and permits, a leading indicator, also dipped.

Stocks had another rough session yesterday declining under the weight of higher bond yields. Retail Sales came in hot adding to the angst of yield-scared investors.