The market feels like a house of cards in a windstorm—teetering, trying to convince itself it’s stable, but deep down, everyone knows the truth. Sure, the S&P 500 has posted two straight days of 90% advancing stocks, but on what? Ghost-town volume. This isn’t conviction. This is a market that’s climbing because it doesn’t know what else to do, like a deer caught in headlights, inching forward just to see if it’ll survive the impact.
The S&P 500 just recorded its 2nd straight day with 90% advancing stocks after hitting a 6-month low.
And, um… pic.twitter.com/JbAHCMxMfU
— Jason Goepfert (@jasongoepfert) March 17, 2025
$IWM Second lowest volume day today since Feb 21st.$SPY Second lowest volume day today since Feb 21st.$QQQ Third lowest volume day today since Feb 21st.$DIA Lowest volume day today since Feb 21st.
— Heisenberg (@Mr_Derivatives) March 17, 2025
nasty day, again
past 2 days of green getting wiped out
guess the market is afraid of Powell tomorrow
maybe afraid of Jensen speaking today
probably afraid of April 2nd when tariffs go live…if they go live
really nowhere to hide pic.twitter.com/KN9XXJJTwl
— amit (@amitisinvesting) March 18, 2025
The Empire State Manufacturing Index plummeted in March by the most in nearly two years, with new orders falling sharply and input prices climbing at the fastest rate in more than two years. Stagflation is a reality. Rate cuts and QE in this recession will send inflation soaring.
— Peter Schiff (@PeterSchiff) March 17, 2025