Although equities eked out gains on Friday, the bellwether indexes pulled back about 1% with the tech-heavy Nasdaq getting the brunt of it closing off over 2% chart. I think most market participants want to see what happens over the weekend pertaining to the Middle Eastern crises and how oil continues to fare. Recent economic data has provided some hope of a turn-around. For the most part, equities have performed exceptionally well considering all of the geopolicital concerns and economic headwinds occurring in Europe and now seemingly in China.
This coming week should be no exception to the recent volatility that the markets have been experiencing, especially when you add quadruple witching hour on Friday.
Have a safe and prosperous week 🙂