Week of April 28, 2025
The Standard & Poor’s 500 Index closed on Friday, April 25, approximately 11% above its recent low on April 8. Positive developments, including President Trump’s decision not to pursue the removal of Federal Reserve Chair Jerome Powell and progress in tariff negotiations, served as the primary catalysts. Given the ongoing unpredictability of the administration’s actions, continued volatility in the capital markets should be expected. Our Signals remained unchanged.
Bob Bilkie, CFA
