Fund manager Louis Navellier said that since the stock market selling has been so severe and on a high trading volume, it appears that much of the selling pressure is starting to be exhausted.
The US dollar was hammered against the Canadian dollar over the trading week, as bonds sold off quite viciously. It now appears to be testing a major area of support, as the 1.39 level has previously seen a lot of resistance.
Stocks rose on Friday, as the markets closed out one of the most head-spinning weeks in recent memory—all while coming off an equally nutty period last week. By the closing bell, the S&P 500 had booked its biggest weekly gain since October 2023.
After a week of intense market turmoil, Wall Street staged a historic comeback, as it posted one of the strongest single-day rallies in years. Here is a brief glance at various ETFs that benefited from the historic market run.
Gold ETFs saw an inflow of 226.5 metric tons worth $21.1 billion in the first quarter, representing the largest quarterly inflow in three years in the first quarter.
There is a gob of Play-Doh, newly enmeshed into my bedroom carpet. Normally, this would set off a material increase in tempers while I mentally calculate how much this is going to cost me. But it could be worse.
