Morning Note | April 26, 2023

Good morning!

Markets are opening higher, led by tech and specifically, Microsoft earnings. Yesterday, the S&P fell by 1.2% and was the worst day in a month along with only the second move that exceeded 1% in April. This month, SPX had traded in a 4100 – 4150 range, breaking below that yesterday as investors reduced risk into bulk of MegaCap Tech earning…