tsptalk's Market Talk

[tsptalk]

Just a normal 400 point swing in the S&P 500 in the first hour of trading today. Nothing to see here.



There was an indication on the news wire about the administration offering a 90-day pause to tariffs, which was later refuted, and the rally, which was tremendous, ran out of steam and rolled over again.

The VIX hit 60 this morning. Remember, it peaked at 65 during that off sell off last August.



The S&P is now down over 100-points again. But if there was a lesson to learned here, the shorts know what they will be up against if there is any bullish news, so they may be treading a little more lightly.

 

[TommyIV]

Just a normal 400 point swing in the S&P 500 in the first hour of trading today. Nothing to see here.

View attachment 68724

There was an indication on the news wire about the administration offering a 90 pause to tariffs, which was later refuted, and the rally, which was tremendous, ran out of steam and rolled over again.

That did give us a taste of how the market may react to such news. This market is ready to take off once it's thrown a bone.

 

[WorkFE]

That did give us a taste of how the market may react to such news. This market is ready to take off once it's thrown a bone.

Chomping at the bit, but it can also make you flinch.

 

[cmalinowski]

That did give us a taste of how the market may react to such news. This market is ready to take off once it's thrown a bone.

And they'll throw that bone at 12:01pm.

 

[James48843]

Trump angry that China has announced reciprocal tariffs at 34%.

Trump now says he is going to invoke 50% ADDITIONAL on China effective tomorrow.

 

[James48843]

• President Donald Trump is threatening new 50% tariffs on China unless Beijing lifts its retaliatory duties on U.S. exports by tomorrow.
• The White House says any suggestion that Trump is considering a 90-day pause in tariffs is "fake news."
• U.S. markets opened sharply lowerMonday for a third trading session, as Trump's tariffs paralyze global trade and investment.
• Asian markets plunged overnight, with stock indexes in Singapore, Australia, Japan, South Korea and India all suffering losses.
• European Union President Ursula von der Leyen said the EU is willing to negotiatewith the U.S. on tariffs but also said the bloc will prepare to retaliate.
• Billionaire Trump backer Bill Ackman says America is on the brink of an "economic nuclear winter" due to tariffs.
• DOGE chief Elon Musk and top Trump trade advisor Peter Navarro continued a war of words and tweets over free trade.
• Trump will host Israeli Prime Minister Benjamin Netanyahu, one of his closest allies, at the White House Monday.
• Commerce Secretary Howard Lutnick insists that tariffs will not be postponed, and will "stay in place for days and weeks."

More: https://www.cnbc.com/amp/2025/04/07/trump-tariffs-live-updates-stock-market-crypto.html

 

[tsptalk]

Some day traders are making bank today. Others are going broke!

I assume margin calls are causing some forced selling by now, but once that subsides the exhausted selling may pause for a couple/ few days.

It's a poor market but temporarily snap back rallies are inevitable, and we got a taste of that earlier this morning.

 

[tsptalk]

Covid threw it off, but it looks like about every three years the S&P has an appointment to test that 200-week average.