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Zig zag zig…. Stocks zigged up yesterday as China pumped more economic stimulus into its economy and newly reported cases of COVID-19 appear to be slowing. The Fed is happy with its policy and homebuilders are busy, really busy.

Supercharged. Apple took a bite out of the equity markets yesterday after it announced that it would miss guidance as a result of the Coronavirus. Investors remain cautiously optimistic about the virus’ impact on stocks, despite warning signals.

Where there’s smoke. Stocks ended up mostly unchanged on Friday ahead of the three-day break as investors remained unsure about what impact the virus might have on company performance. Consumers appear to be confident but they might be buying less.

Lingering effects. Stocks slipped yesterday, pausing from their ascent to fresh highs, as investors re-evaluated, once again, the risks of the Coronavirus. Stock investors are still not sure if this latest leg up in the market is justified but they remain cautiously optimistic.

Shake it up, shake it down. Stocks pulsed higher yesterday as investors decided that the virus outbreak no longer concerned them. The budget deficit continues to rise but this is not the 1980’s, so investors shrug it off.

Peaked. Markets ended yesterday’s session mostly unchanged as investor interest in the Coronavirus, now officially named COVID-19, turned the corner. Fed Head Jerome Powell told lawmakers that he is happy with current interest rate policy and that the Fed is monitoring the virus closely.