Weekly Market Outlook
For Institutional Investors Only
April 16, 2019
Glenn Williams Jr; CMT
215.280.8308
Glenn Williams Jr LLC
glenn@glennwilliamsjr.com
Weekly Update:
· Weekly summary of portfolio performance is outlined on pages 7, 8, and 9. The leader on the week was FTNT, up 10.2%, while CSII was the weakest performer, down 8.68%.
· Major indices were relatively flat on the week, with the S&P 500 increasing 0.34%. The NASDAQ index was up 0.28%, while the Nikkei index had a more pronounced advance, up 1.87% over the prior week.
· On a macro level, I’d point to this Wednesday as a day to pay attention to, as international trade balance data will be released (pg 5). As it stands, consensus expectations are that the trade deficit widened to $53.5 billion in the month of February. Additionally, the Fed will release its Beige Book this Wednesday, providing additional detail to current economic factors