Waiting for a Pullback? You may just have gotten it.
Yeah yesterday's pullback combined with today's pre-market pullback may not be much but it may well be all that we get before the Sell in May and go away effect later in the year.
Well for 3 reasons:
Three big market leaders are out already with strong earnings and guidance which shows the USA economy is getting stronger with each passing qtr.
AA, INTC, JPM
All three are market leaders and sent strong signals of what the smaller companies will be reporting in the next 1-4 weeks.
Based on these three we will be getting some blockbuster numbers ahead with some pretty strong forward guidance.