A new movie called “Novicaine” released next month is about a guy who can’t feel pain. It was a superpower until it became a keen danger that made him insensitive to damage. Similarly, the stock market calmly and unwaveringly opposed potential sources of harm for weeks until Friday, amid the noisy policy scope, the index was retreated under the cumulative pressure of slow-motion growth panic. The market has been in a “perfect spin” mode until Thursday and Friday, a deeply split tape that passes the baton from department to department, grows to value and returns, mainly strides forward. Buyers showed enough efforts Tuesday and Wednesday to raise the S&P 500 to the edge of each meeting. This qualifies as resilience, albeit ambiguous. Warren Pies, co-founder of 3forteen Research, noted that the index recorded a new record, with only 5.5% of its members hitting 52-week highs, less than a few of the fresh S&P 500-highs in the past few Half the average of the day. . -Easy. I pointed out on CNBC on Thursday that the market is like a team that has a great record in very close games. Many fans think it’s a sign of a great team. However, in fact, the best teams have fewer close games due to their dominance. (Assolutely for the harsh reminder, lead fan.) Scott Chronet, U.S. equity strategist at Citi, basically, we continue trading at 25x earnings, according to our (discounted cash flow) ), the index is still of high value and at the end of yesterday, the index’s total return rate was 3.8% in 2025, which is far from the back-to-back 20%+ years. Next week’s business is “growth fear”. Friday’s 1.7% drop (driven by consumer and industrial cyclical stocks, accompanied by a squeeze of lower Treasury yields). Frustration is a function of most callbacks. Friday’s reading of the University of Michigan Consumer Sentiment shows that in the coming years Expectations for household finances absolutely lower expectations, and popular expectations for inflation expectations. Although unpopular, this could be seen as fickle and politically politically without Wal-Mart’s cautious first-quarter guidance. The data series, which is a shortage of retail sales in January, retail in the soft service sector, sales in the soft service sector, and some travel and transitional. Dining stock. No one can infer from all of this that we are imminent We are imminently at high risk, but this complicates the beliefs of “no economic landing and policy accelerators” that prevailed early this year. In the speed of activity, soft plaques or incision steps, perhaps about federal layoffs, promises Tariffs and threatening spending proposals, which mean front and rear restrictions on any potential relaxation of adjustments and taxes. To be sure, the S&P 500 has slowed back to the level initially reached in early December. Cyclical acceleration Trump Trade’s one-time beacon has been withdrawn or the following is the gap left by their fierce November 6 rally. Reset prices and reconsider some assumptions Consider. But the wider bull case has not been refuted. The tough seasonal pie (3555) has been focusing on the “growth panic” since the beginning of the year. Not the end of a recession or bull market, but an easy one The stinging phase of uneasiness and downside tests. On Thursday, he released the latest news on his 2025 call, saying “Our cautious attitude, imminent seasonality, imminent tax consumption, weak spring housing data and dicey’s three The monthly Fed meeting was not avoided by new highs this week. “Negative seasonality refers to a less friendly historical model starting in the second half of February, which is Goldman Sachs’ institutions-equity trading-flow- One reason cited by Guru Scott Rubner is to put his tactical bullish stance on the pause and do it on the lookout. Make stock market corrections. “Of course, the seasonal impact is Background conditions, rather than pre-determined results, there are many mismatches between historical records and actual market actions, while the recent results are last year. Seasonal weaknesses are not justification for escape from risks, rather than investments to set the future Realistic expectations of the road. Rubner also noted that retailers’ tenacious bids have begun to get tired, and this is undoubtedly exacerbated by a sharp reversal among several senior admirers among smaller investors. Palantir lost 15% with a rod last week, Robinhood Slid 20%, while Tesla started a 30% drop two months ago. Last week, Bitcoin failed to join the Nasdaq at a new high. Broadly speaking, investor sentiment is difficult to characterize. Strategas Research noted that recent equity ETF inflows exceeded the 90th percentile of historical readings, and the ratios worth watching showed substantial gains. The following NED DAVIS research margin debt chart shows that investor borrowing growth is close, but not above the threshold, which usually means excessive speculation and market top potential. However, investor-based attitudes may be more stunning by the headlines of deceptive policies, which is softer. AAII investors conducted a two-week poll, which reflects unusual bearish levels given the market is close to record records. The turmoil over the weekend may have spread healthier skepticism, starting to deplete some of the bubble pools that have gathered in certain parts of the market. Friday’s fifth straight ended this week since the opening of the S&P 500 S&P 500. It involves a weekend worry story, whether by chance or not, that is the story of unknown governments that follow rush to tear down part of the government, threaten allies, tariffs and fight for military alliances. So far, the market has been properly disciplined in terms of the impact of discount policy, especially the directly related pockets rather than the market. Even with all these declines falling on Friday, the S&P 500 rose 2.4% in the year, accounting for just 2% of its peak. Even if guidance has been cautious, earnings are earned (greater than 75%) compared to forecasts (greater than 75%). The credit market did not send any panic. A shaking like Friday, which turns the index right to the 50-day moving average, has no terrible warnings on most timetables in the market multiverse. For a market that attempts to lead to wave action caused by high expectations and valuations that await the interaction of the Fed and the newly hesitant consumers, all this remains routine, if not entirely painless.
Resilient stock markets eventually succumb to economic worries and pressure from Trump policy | Real Time Headlines
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