Schwab Network

April's "Virtual Melt-Up" & What Fed Speak Means for Markets


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Even with markets facing "a lot of pressures from a lot of directions," Kevin Hincks says the market is looking at lower crude oil prices as potential relief. Kevin labels last month's performance as a "virtual melt-up" as it was the best single-month performance since 2020. He adds a rally from Apple (AAPL) could lift the S&P 500 (SPX), Nasdaq-100 (NDX) and Dow Jones ($DJI) as it is a component of all 3 indices. Kevin later chimes in on this week's Federal Reserve member commentary and what incoming Chair Kevin Warsh faces in terms of rate policy.


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