Stock Market update -Apr 3rd

We closed out the quarter with a bang, dropping 10 percent early on, then rallying back to recover all of those losses -quite a roller coaster ride! Fund managers wait all year for a 10% move... We also got a somewhat decent Jobs report on Friday, causing a drop, then a rally. The Energy sector was the under performer this week.

For the quarter, Gold and Gold equities did extremely well, after a multi-year selloff, as did Basic Materials and Energy. Bonds continue to hold up, while Gold seemed to be trending down for March, and the US Dollar has been trending down for the quarter.

We could see the market roll over again as it approaches the top from last December, and this huge rally loses some steam. Watch for earnings in two weeks.

For Options traders, the VIX is approaching pretty low levels again... take a look here.

New all time highs:  AVGO, ACN, CAG, CPB, DG, EW, K, KO, HPE, GIS, JAR, MCD, PM, PEP, SYY, TSN, ...
All time lows:  ...
Pops:   ,     Drops:   
Mergers/Deals:  

Next week:  Economic reports,   

Earnings:      MON, STZ,WBA,   

This week's charts:

Big Mac doing quite well for the past two quarters...

Links...

S&P 500 -powerful rally!

CBOE VIX -getting pretty low
10yr Interest Rates -
Labor Force Participation Rate (10 year chart)
Fear & Greed Index

Commodities/Futures (charts):

Natural Gas was up a bit, closing near 1.95

Crude Oil was down, closing near 36.63

Gold was up a bit, closing near 1223

The 30 year Bond was up, closing near 164.81

The US Dollar was down,  closing near 94.61

NEWS:

Opinion: Earnings will decide the stock market’s fate
The 6 Dow Stocks Holding the Market Down in 2016
Apple at 40: Search on for post-iPhone revenue driver
Tesla got more than twice the Model 3 preorders it expected
Boeing plans to cut up to 8,000 airplane jobs
BlackRock planning to cut 400 jobs

Chinese Stocks Fall as Traders Weigh S&P Cut, Factory Rebound
Gold headed for best quarter in nearly 30 years