Daily Note | April 24, 2024 | RiverNorth Rights Offering Completed

The Nasdaq and S&P opened up for a third day in a row with Tesla up more than 12%. Small caps are in the red. But overall the tactical bounce appears poised to continue with the key drivers being megacap tech earnings and the PCE release on Friday.

Should all these come in as expected or better, the markets may overshoot to the upside. The tech and AI tr…