
Stocks "Cool Down" In April. The Outlook Improves.
The S&P 500 gained 1.85% this week with Friday's close at 5,222.68. Friday's close is the third highest weekly close in the history of the S&P 500 and just 0.60% below our all-time high weekly close at 5,254.35. The index has now increased three weeks in a row following a three-week losing streak the preceding three weeks, and so the conversation now turns toward the retest of our all-time high and the potential breakout of our recent trading range.