Wall Street could have passed the worst tariff headlines two weeks after its initial announcement on April 2nd – President Donald Trump is striving to achieve enormous trade deals during the 90-day suspension, but volatility will continue to be a mainstay in the stock market for the near future. Investors concluded yet another turbulent week, listing all three major averages. The Dow Jones industrial average and Nasdaq composites each fell by more than 2%. The S&P 500 has completed more than 1% of the week. The US market closed on Good Friday, April 18th. Still, among investors, there is optimism behind them. Now, it appears unlikely that the US will fight alone with the world, as it did earlier this month. “The reason I’m generally optimistic is because I think mutual tariffs have to be put down. In fact, I think President Trump will succeed in pursuing 90 trade transactions in 90 days.” “Yes, most people think it’s not going to happen because it never happened. But that’s because they won’t become a comprehensive trade deal,” Papic continued. “They’ll be like America’s marginal victory.” That doesn’t mean Papic doesn’t expect any further volatility in the stock market. The strategist hopes the S&P 500 will retest the 4,800 low. But that will be where investors start to add exposure, he said. .SPX 5D Mountain S&P 500 “We know the worst-case scenario of tariffs and know that it’s negotiated, so the impact people were afraid of when we sold out — the worst-case seems to be happening.” “Now, we have to see where we land and what long-term impact the market will have on the stocks driving this market.” Other market observers hope that the worst-case scenario will be behind investors. Wells Fargo’s Christopher Harvey wrote Thursday that if the S&P 500 falls below 5,000, the “Fed Put” will be revived, where the Federal Reserve intervenes to support the economy. He recommended a combination of low volatility stocks to address the choppy market. Tom Lee of FundStrat Global Advisors, a longtime bull, said, “It is expected to be “still unharmed.” Certainly there is a lot of skepticism there too. Woods of Freedom Capital Markets said he’s watching 5,130 on the S&P 500. This is a retracement level for Fibonacci that could be the index floor, but we are wary of many hurdles ahead, including revenue season. “I think we still have a lot to do to get a completely clear signal, and that’s certainly true,” Woods said. Worries for the less-than-difficulty revenue season will rise next week, with over 120 S&P 500 companies expected to report. So far, the season has been going well. Of the few S&P 500 companies reported so far, around 72% exceeded expectations. According to John Butters of Factset, 7.3% results and results from companies that incorporate the estimates and results of companies reported and incorporated results from analysts, while the mixed growth rate, which is slightly improved from 7.2% analysts, is 7.3%. Its strength comes primarily from finance, reporting the results from last week. So far, companies that do their enviable job of telling how they navigate tariff uncertainty have been able to maintain their guidance, despite analysts continuing to cut their own forecasts. Currently, companies that lower guidance could be subject to severe penalties. On Thursday, the Dow’s losses were largely attributed to the sale of UnitedHealth Group after the company cut its annual profit forecast. Calendars for a week ahead, etc. Monday, April 21st, 10am Reading Indicator (March) Revenue: WR Berkeley Tuesday, April 22nd, Tuesday, April 22nd, President of the Philadelphia Reserve Bank, Harker, speaks about the economic mobility of the local economy. Parts, MSCI, Quest Diagnosis, Pultegroup, 3M, Equifax, Synchrony Financial, Elevance Health, Danaher, RTX, Northern Trust, Northrop Grumman, Ge Aerospace Wednesday, April 23rd, 8 AM Building Permits Final (March) 9:45 AM PMI Composite Prigution (April) 9:45 am New Home Sales (April) 2:00 PM Fed Beige Book Revenues: ServiceNow, Chipotle Mexican Grill, Lam Research, Texas Instruments, Tyler Technologies, O’Reilly Automotive, International Business Machines, FirstEnergy, Discover Financial Services, Nextera Energy, Old Dominion Freight Line, General Dynamics, CME Group, Boston Scientific Scientific, ThermecientiperScientific Science, ThermecientiperScientific Science, Norfolk Southern, Ge Vernova, Boeing, Raymond James Financial, Philip Morris International Thursday, April 24th Thursday, April 24th Chicago National Activity Index (March) 8:30am Continuous Unemployment Claim (March) 8:30am Durability Order (March) 8:30am Initial Charge (04/19) 10 AM Existing Sales (04/19) Chemical, T-Mobile US, Gilead Sciences, Alphabet, Intel, Comcast, Freeport-McMoran, Union Pacific, Keurig Dr Pepper, Bristol Myers Squibb, Tractor Supply, Procter & Gamble, CBRE Group, Southwest Airlines, Valero Energy, Hasbro, Pepsico, Pg&e, L3hhharas frantis technogies Michigan Sentiment Final (April) Revenue: Schlunberger, Phillips 66, Charter Communications, Colgate Palmolib, Centre, Abbeby, Abbott Laboratories get tickets to join the New York Stock Exchange! 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