IMO, today or Friday will see a temporary low that will last for some days. Everyone is going to think the bottom is in and pile on....... could be worth buying some calls. Naz and the ES will bounce first
absolute sht show..Govt shut down, More and More Tariff Drama, circle jerking with Zelensky, constant trade wars conversation
$RUT is now down 19+% from the highs. Gold & Silver spiking higher. Something is going on & it isn't good.
More downward pressure as markets hate uncertainty. If Trump doesn't end this tariff war markets will be cut in half!!!!
Always find these articles amusing. Think about back in January when markets opened the year higher and continued to make more record gains.......now RBC didn't come out and scream about high valuations, in fact they were probably saying the market has still more to run with no pull back in sight ...not one of these banks would have predicted the s&p to sell off a solid 10% in 1 straight drop at the start of 2025, .... here is rbc now telling the people that the sell off isn't enough to send a buy signal yet.......of course they have a 6600 s&p price target which i can tell you isn't happening. Looks like they will have to settle on something below 6000....Oops. "S&P 500: RBC says current selloff not enough to send a buy signal yet" Investing.com -- RBC Capital believes that while U.S. stock market valuations have improved, they are still not at levels that would justify a broad buy signal. "Overall, valuations have improved, but don’t, on their own, provide a buy signal for the broader market," said RBC. While the bank believes the Russell 2000 index has become more attractive, the S&P 500, its top 10 market cap names, and the Nasdaq 100 remain well above average valuation levels. The recent market selloff, which saw the S&P 500 decline 8.6% from its highs, has been orderly derisking rather than panic selling, according to RBC’s trading desk. "The VIX has moved up to December 2024 highs, but gauges of tail risk (SDEX and TDEX) have been more subdued," they wrote. While valuations are not signaling a buy yet, RBC noted that the Russell 2000 index has outperformed the S&P 500 this week after retesting its 2024 relative low earlier in the year. The firm also pointed out that AAII net bulls have fallen to crisis lows, which could indicate a buying opportunity—but cautioned that such signals can remain stuck at low levels for extended periods. RBC has maintained its year-end 2025 S&P 500 price target of 6,600, though it acknowledges that the risk of a larger growth scare, leading to a 14-20% drawdown, has risen significantly. "We remain in discovery mode, and think the US equity market is at a critical juncture." https://www.investing.com/news/stoc...f-not-enough-to-send-a-buy-signal-yet-3923400
Looks like the party has already started US 500 5,580.10 5,584.90 5,534.60 +58.90 +1.07% US Tech 100 19,488.90 19,522.10 19,283.60 +263.40 +1.37%
Hope all are enjoying their ri$$$k free monies. Not a penny of ri$$$$$$$$k. Any moment now, Rickshaw and his cheerleader gang will come running to proclaim a new bull market US 500 5,599.40 5,604.90 5,534.60 +78.20 +1.42% US Tech 100 19,554.00 19,605.90 19,283.60 +328.50 +1.71%
Rickshaw tends to crawl out near all time highs. v-shape will probably crawl out sooner rather than later, for now it seems you are the new thread cheerleader..
BARRON'S Sign In (Follow MARKETS THE TRADER Friday Could Be a Turning Point for the Stock Market. Why This Rally Might Last. By Jacob Sonenshine March 14, 2025, 1:43 pm EDT