March 29, 2024

Daily Wrap

DJIA -129.71 (-0.93%) to 13,880.08; S&P 500 -17.46 (-1.15%) to 1,495.71; NASDAQ -47.93 (-1.51%) to 3,131.17 Today proved to be a very timely pullback as we noted last last week and then this weekend after Friday’s action that we believed a form of a top was in that would provide a longer pullback/consolidation than we have been seeing of late.  Today essentially wiped out all of last week gains and it is not surprising after such a strong move down to see the markets up slightly after the close.  We will have to see if they can hold or build…