Stocks and Bonds Appear to be Stuck – What Does This Mean for Investors?

U.S. equities remained stuck in the same narrow trading range for the fifth straight week. The S&P 500 index suffered only a fractional loss, but it took a surge higher on Friday to salvage even that, as anxiety over trade and interest rates was set aside following the April jobs report and some soothing comments from Warren Buffet. The S&P 500 once again flirted with its 200-day moving average at 2616 in intraday trading on Thursday, but again managed to close higher. At the same time, it has failed to close above its 100-day moving average, now at 2705, since April 18, and has done so only twice since March 21.


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