Since the fallout from the SVB banking crisis, the moves in Microsoft have been fairly modest. Despite the larger falls in the major US indices Microsoft share prices have been fairly stable. So, there is an old saying in markets that if something can’t fall on bad news then it can’t fall at all. Does this bode well for Microsoft share prices into the end of April?
Microsoft has a strong seasonal pattern ahead with a 6.97% average return. The maximum drop for the seasonal pattern has been a relatively modest 8.47% fall and the maximum rises have outstripped those falls significantly. So, is Microsoft a more conservative play for these turbulent times?
Major Trade Risks: The major trade risk here is if the SVB banking crisis continues to influence markets and there is more negative news to come. Also, it is still very uncertain concerning the upcoming path of US rates.
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