The mood at the start of the trading week seems subdued, the index futures point to a slightly mixed opening on Monday. The week has one Backend loaded economic calendar with some market-moving economic data in the pipeline, notably inflation data.

Notes from last week’s trading:

Stocks showed no clear direction in the holiday-shortened week ending April 6, as they faltered with every incoming economic testimony. Data suggesting slower growth raised concerns for Street, prompting a sell-off in shares. However, the 30-stock Dow Industrials stayed afloat thanks to the oil rally that boosted heavily weighted energy stocks, which are part of this blue-chip average.

Analyst Color:

The argument for a pause in rate hikes in construction said Charlie answer, Senior Investment Strategist at Allianz Investment Management, following the release of March non-farm payrolls data.

The analyst noted that headline payroll numbers were broadly in line with expectations. The gains were mostly in the leisure and hospitality sectors, while jobs in manufacturing and construction shrank.

The isolated data might not mean much for the Fed to sway either way, the analyst said. A pause is on the table given the recent job vacancies data and weaker survey-based data, he added.

of the Carson Group Ryan Detrick pointed to the triggering of branch breadth thrust in a recent tweet. ZBT is a technical indicator used to identify market dynamics and is derived by calculating the number of progressing issuances on an exchange, dividing it by the total number of issuances on it and generating a 10-day moving average percentage.

“It has…