Leaders & laggards 3.4.25
(-) Right after the close, Commerce Secretary Lutnick says Trump will meet Canada and Mexico in the middle on tariffs, possibly roll them back tomorrow…annoying, and more annoying by the day, but it’s also pretty much exactly what Trump said he was going to do
(+/-) Keeping in mind we were overdue for a correction, the market isn’t cheap, relentless headlines will do the trick, but any excuse would have done it
(+) Implied interest rate cuts looking out a year have jumped from 1-2 to 4, Housing stocks were relative outperformers in response
(-/+) Flight to safety: Been a minute since Bonds were outperforming Stocks…
This is a stock issue so far. Credit is basically ignoring it, loads of corp supply hitting the market and buyers eating it up…Credit Spreads declined all day, barely a ripple….
Uncertainty…via Koyfin?
Touched real support and the 200d moving average almost to the number before finding some sea legs, above it is noise. Frustrating, but just noise…
Leaders & Laggards:
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