Tesla $TSLA IS NOW TRADING -50% OFF ITS HIGHS as Musk says he’s running his businesses ‘with great difficulty,’
Source: CNBC, Trend Spider
Magnificent drawdowns
$AAPL -13% $NFLX -18% $MSFT -19% $META -19% $GOOGL -20% $AMZN -20% $IBIT bitcoin -26% $AVGO -27% $NVDA -28% $TLSA -52% Source: Mike Zaccardi, CFA, CMT, MBA
Mainland Chinese money came flooding into HK markets today
Investors bought up a record amount of stocks in Hong Kong where the large tech giants are listed. Source: Bloomberg, David Ingles
Germany is becoming great again thanks to Donald Trump...
Thanks to the decoupling from America and the billions in infrastructure investment that this entails, German stocks are gaining new appeal. Their global stock market capitalization share has climbed to 2.3%, up from well below 2%. But still miles away where it used to be... Source: Bloomberg, HolgerZ
Trump:
"There could be a little disruption. Look, what I have to do is build a strong country. You can't really watch the stock market. If you look at China, they have a 100 year perspective. We go by quarters. And you can't go by that." Source: Aaron Rupar @atrupar on X
Is there a world where we revisit the COVID low trendline support in 2025?
Hard to imagine, but not impossible... 😶 $SPY Source: Trend Spider
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
