Markets Rally on Friday After Volatile Week and Hawkish Fed Comments, Apple Earnings One Catalyst For Friday Strength

Key Takeaways

The S&P 500 closed at 4,431.85 up from 4,397.94 last Friday . The VIX settled at an apprehensive $27.61 and remained elevated all week.Earnings have been pretty strong this season with a few notable misses. However, on Thursday night Apple delivered a strong beat that helped fuel Friday’s rally.Inflation numbers have continued coming in hot; however, there was also a positive surprise on GDP this week too.Natural gas prices spiked and simmering tensions between Russia and...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Events

Trending tickers in our research