US equity indexes closed monstrously higher, SPX +474pts (9.5%) at 5456. Nasdaq comp’ +12.2%. Dow +7.9%. The Transports settled +10.1%. R2K +8.5%
sp’60min
Summary
closing hour action: powering upward to 5481. S/t momentum settled on the very high side, but RSI 63s… not yet overbought.
Awaiting earnings from $STZ $LAKE $PSMT $RELL $TBBB
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… and that concludes a Wednesday. Early weakness… but a monstrous ramp on tariff news. Today’s upside is the strongest for the main market since Sept’2008.
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notable bond yield proxy: TNX
The US 10yr yield printed 4.474%… if cooling back.
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notable bond ETF: TLT
Long bonds saw a rather powerful upside reversal, turning positive… s/t bullish.
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notable crypto: Bitcoin
Bullish engulfing candle.
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Have a good evening
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more later on the VIX and Indexes by 6pm EDT