The art of a deal???
Source: Factset, Michel A.Arouet
‼️ BREAKING: EU EQUITIES UNDER PRESSURE ‼️
Germany's Greens won't support draft debt package in parliament. The CDU/CSU and SPD need the support of the Greens to achieve the two-thirds majority in the Bundestag in its old composition. The FDP, which was represented in the old Bundestag, will hardly vote in favor of such a debt package. Source: HolgerZ, DB
Market VOLATILITY is back:
The S&P 500 has seen a move of more than 1% in either direction for 6 straight trading sessions, the longest streak since November 2020. Source: Bloomberg
Is there a world where we revisit the COVID low trendline support in 2025?
Hard to imagine, but not impossible... 😶 $SPY Source: Trend Spider
Equity markets are fearful of far more than some marginal tariff tensions.
Macro data this week broadly speaking reinforced the growth scare (red line below) while inflation anxiety is back way up... Source: www.zerohedge.com, Bloomberg
S&P 500 PULLBACK
If the current pullback is going to devolve into a correction, it should happen relatively quickly. Historically, 76% of S&P 500 corrections play out w/i a 60-day window (mid-April). About half are done in <40 days (late-March). Source: 3F Research Group, Warren Pies @WarrenPies on X
It's official: the 2nd longest uptrend in the history of the Nasdaq 100 Index has ended with the first close below the 200-day moving average in nearly 2 years
Source: Charlie Bilello
Roughly 80% of the stocks in the SP500 said the word tariffs on their last earnings call
Source: Evan on X
