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Stocks traded lower Friday, but for some mega cap tech stocks which were unwilling to give up ground. Traders took a break after a busy week of whipping and driving, accentuated the directionless equities in Friday’s session.

Stocks continued their ascent yesterday fueled by the Fed’s Goldilocks messaging. Existing Home Sales jumped by +9.5% in February, taking economists by surprise, showing that mortgage rates are not the only thing considered by homebuyers.

Stocks found new highs with a push from the Fed and Boss Jerome Powell. Rate policy remained the same, but Powell’s unexpectedly not-hawkish demeaner won the hearts of bulls, who ignored hidden warnings.

Stocks rallied yesterday because there is still hope for a happy surprise from the central bank rainmakers in Washington DC. Bitcoin turned heads with a sizable daily rift yesterday… business as normal.

Stocks gained yesterday driven higher by AI-rooted tech shares. Homebuilder sentiment is building… slowly, coming in higher than expected with still a long row to hoe to get back to pre-pandemic levels.

Stocks slumped on Friday closing out a second week of losses for equities as traders grapple with… a stronger than expected economy and a reluctant-to-loosen-up Fed. But beware, according to University of Michigan Sentiment, confidence is slowly waning portending weaker growth.

Stocks declined yesterday after Producer Prices came in a bit hot – too hot for comfort. Retail Sales numbers missed their mark offsetting the troubling inflation news, but traders were not comforted.