Markets continue to drift sideways as this is the 3rd week in a row where the SPX has not come anywhere close to the upper or lower edge of the expected move. This is highly unusual. Year-to-date, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla are responsible for nearly 90% of the S&P 500's gains. All are reporting earnings in the coming weeks starting with disappointing earnings from Tesla after the close today. Will earnings be the driver for the next market move?
Are Markets too Quiet?
