Spring Has Sprung, But Bears Stuck in Hibernation

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Thursday, April 1, 2021

March was, well, kind of a fun month. Yeah, yeah, the coronavirus lockdowns had their first birthday and that picture hasn't gotten a whole lot rosier, but stocks mostly gained and Wall Street headlines shifted to inflation and the economy for a moment. That breather from "all things COVID" was a welcome sight to most daily traders. All-in-all, the song still remains the same, though. Newly minted U.S. President Joe Biden is following through on promises that probably should hurt the markets (like raising taxes) and mutant coronavirus strains keep cropping up, but Wall Street doesn't seem to care much. Social media is still running rampant with different stocks and sectors, with non-fungible tokens a topic lately. In the market's eyes, the economy is going to come up aces thanks to the assistance of the Federal Reserve and that's all that seems to matter. That sentiment has showed in charts in recent months, so let's see what's in the tea leaves as spring gets rolling.

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