Market Update Tuesday, April 14th

Dan Moylan, our Chief Investment Officer at Carlson Financial, comments on today’s market movers.  A few of the key points included: a strong performance today with tech and consumer discretionary leading the way, the financial sector had glooming reporting (JP Morgan/Wells Fargo) setting expectations for borrower defaults to get meaningfully worse due to the coronavirus shut down, there is optimism in the market with the flattening of the curve, and the Wall Street Journal reported that after the close, the US Treasury and passenger airlines struck an agreement on federal aid.  (American/Delta/United/Southwest plan to participate)