Outlook for week of 3-7 April

It is unlikely that there will be another interest rate change until May, and earnings season is still a couple of weeks away. However, it appears that a banking crisis has been avoided for now. The current indicators suggest that traders may be inclined to buy as Q2 begins, but there could also be some volatility. Typically, markets tend to change directions at the beginning of a new quarter, and April tends to be a relatively bullish month. However, due to the narrowly avoided banking crisis and the anticipation of a weak Q1 earnings season, it is too early to tell if this will hold true. Although there were more upgrades than downgrades this week, and the indicators overall suggest a moderately bullish outlook, there is still a fair amount of disagreement. There are two volatile readings, and the VIX has decreased for six consecutive days, indicating that next week could also be volatile at times.