"SPY put volume spiked yesterday to the 3rd highest in history.
Previous 2 spikes were bottoms for the S&P 500. QQQ Put volume made a new all-time high yesterday" Source: GS thru www.zerohedge.com
Happy 68th Birthday to the S&P 500! 🎉📈
Yesterday marked a significant milestone in financial history On March 4, 1957, Standard & Poor’s officially launched the S&P 500 Index, replacing its previous 90-stock index. For nearly seven decades, the S&P 500 has been a benchmark for the U.S. equity market, evolving alongside the economy and shaping investment strategies worldwide. From its inception to becoming a cornerstone of global finance, the index has stood the test of time, reflecting innovation, resilience, and market dynamics. Here’s to 68 years of market history—and many more to come! 🥂📊
"Carmakers in the US rely on Canada and Mexico for more than 80% of imports of some key auto parts...
There’s even US value added embedded in cars imported from Mexico and Canada — so tariffs on these goods mean the US will effectively be tariffing itself." Source: Kevin Gordon @KevRGordon on X, Bloomberg
Nice visual of the Atlanta Fed GDPNow
Source: WinSmart
China's out with some proper fiscal firepower: Highest official deficit target in 30+ years
Plus... CNY1.3 trillion in ultra-long special sovereign bonds CNY4.4 trillion in new special local govt bonds CNY500 billion in special sovereign bonds China on Wednesday set its GDP growth target for 2025 at “around 5%” and laid out stimulus measures to boost its economy amid escalating trade tensions with the U.S. Beijing raised its budget deficit target to “around 4%” of GDP from 3% last year, according to the official report, as the country’s top legislative body held its annual meeting. The 4% deficit would mark the highest on record going back to 2010, according to data accessed via Wind Information. The prior high was 3.6% in 2020, the data showed. Source: Bloomberg, David Ingles on X, CNBC
Make Russia great again? Americans are very pragmatic.
And their banks are always fast to adjust to the new paradigm...
Price has respected this trendline since the bear market lows of 2022...
Seems like an important spot to watch. $QQQ Source. Trend Spider
BREAKING: Tariffs have begun with 25% on Canada and Mexico, and 20% on China.
In fact, tariffs could hit an average of 17.7% under Trump. This would be THE highest levels seen since the Great Depression. Source: Bravos Research @bravosresearch
