Do you think the Euro is going to complete this top and roll over from here, or will buyers dig in and defend the lower bounds of this range?
This chart has my attention right now 👇
Trump Presidency Seasonal Cycle Spring Bottom — S&P 500's low close was March 30, right on cue with the seasonal pattern. During Trump Presidency Years, the market tends to carve out a spring bottom in late March to early April before advancing into year-end. Ceasefire is holding, new U.S.-Iran talks in the works this week. Markets don't wait for clarity — they bottom in uncertainty. The S&P 500 has already erased all of its Iran war losses. Growth is holding, labor is solid, Fed is neutral. Setup for equities into year-end looks increasingly constructive. $SPX #TACO
The victory of the opposition in Hungary yesterday, like the Polish election in 2023, is a victory for democracy, not just in Europe but around the world. Most of all, it’s a testament to the resilience and determination of the Hungarian people – and a reminder to all of us to keep striving for fairness, equality and the rule of law.
S&P 500 is up 6 days in a row, with a total gain of +6.9%
This only happened 9 other times, and $SPX was consistently higher 6-12 months later.
Average maximum drawdown in the next year was 9.3%
h/t @Norseman1@RyanDetrick