Weekly Watchlist Update: Building Momentum Post-Dip

A strong week overall for our watchlists. The market looks to have made a bottom last week. Lots of projects are bouncing nicely with that confirmation. As we said in our weekly outlook, this week was a bit of a drag going into the holiday weekend. I expect things will start picking up around the second week of April at the latest. From there we should move quite fast to higher levels.

We did make several changes to the lists this week. The recent dip was a good indicator of some of the weaker projects versus the stronger ones so we had to trim a few. Otherwise there’s not a lot to comment on this week. The market is still in a good spot so be patient.