The rally gained traction this week with a confirmation day on Wednesday. Nasdaq added more credibility to the rally with a close above the 50 day and the 21-day lines and changing the exposure to 100%. Limit exposure to 55% until the market and recent purchases affirm the trend.
The stock market was closed on Friday for Good Friday. The Labor Department's March jobs report showed a nonfarm payroll gain of 916,000. Economists expected to see nonfarm payrolls up 625,000. Job growth should run hot as easing coronavirus restrictions and multiple stimulus packages spur a hiring boom.
This will surely incite inflation concerns. The Fed is nearing a crisis point if they continue to put forth the mantra that they will hold rates at zero for an extended period. This will upward pressure the 10 year. Treasury funding will be at records to the proposed infrastructure plan.