Markets have been choppy. What we’re watching
Wendy Kirkland Market Update May 4, 2026
On Friday, the Dow, S&P, NASDAQ, and Russell all finished the day differently, showing mixed and unsettled trading. Today is leaning more bearish, with most indices near their lows after early attempts to rise. Energy is one of the few bright spots, but overall market breadth is firmly negative.
Ongoing uncertainty—driven by high oil prices, global conflict, earnings, and general indecision—is causing sharp intraday swings. On the longer‑term charts, some indicators that recently looked like they might turn bullish have slipped back into negative territory, making the near‑term direction unclear.
With May just getting started and volatility picking up, this remains a wait‑and‑watch environment. We’ll keep monitoring closely and will step in with clearer guidance once the markets show a more decisive trend.
Have a good week,
~Wendy Kirkland
Wendy Kirkland Market Update May 4, 2026