Dr. Eric Wattenburg

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Yesterday saw the S&P 500 Index post its biggest one-day gain since August 2015. The positive sentiment fed through to global markets with Asian stocks advancing higher overnight, and in Europe, all industry sectors are positive.  (Bloomberg)

While it may be a shortened trading week with the market closed for Good Friday, there is no lack of drivers for the market into the end of first quarter. The latest house price data and Consumer Confidence numbers are due later today, and the U.S. Treasury continues with its record week for debt issuance with nearly $125bn of Tbills and Notes slated to be auctioned today.  (FT)

Saudi Arabia's crown prince will rub shoulders today with top figures from Corporate America and Wall Street, by taking part in the 2018 Saudi US-CEO Forum in New York. Mohammed bin Salman is also drumming up capital and reviewing investment opportunities with an old partner and tech investor, Softbank CEO Masayoshi Son. (SA)

Puerto Rico bonds rallied heavily on Monday after the island released a revised financial turnaround plan thanks to an influx of insurance money and federal aid following Hurricane Maria. While the economy is projected to shrink by about 10.6% in the current fiscal year, the government now anticipates it will expand over 7% in 2019 and continue to grow for years.  (SA)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.
 

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