Major indices fell for the fourth week in a row, as growth concerns were exacerbated by some poor earnings announcements such as from Amazon.com, which has a large weighting in many key indexes. The S&P 500 slipped into down nearly 14% from its previous top. The geopolitical and macroeconomic concerns that have dominated sentiment in recent weeks have persisted. The stock market's relative quiet in the first half of April was transitory, with a 47% increase in the VIX, which reflects investors' expectations of short-term volatility over the last two weeks, reached 33.4 on Friday, up from 22.7 on April 15.
The S&P 500 closed the week with -2.90%, while One-Signal Xpert and Xpress both posted gains of 0.13% and 1.78% respectively. One-Signal is outperforming its benchmark index YTD, with 11.10% for One-Signal Xpert and 9.31% for One-Signal Xpress, compared to -13.52% for the S&P 500.