Battered stocks what Trump wants

Wednesday 5 March 2025

Oversold. Definitely. The Market Ear.

Huge

SPX is trading below range lows as of writing. Note we are below the 200 day moving average (SPX continuous futures), and the 50 day is about to cross the 100 day (inverse cross compared to December 2023). These are longer term moving averages, but we wouldn’t be surprised to see the market fool the crowd again. Why not a “sudden” bounce from here…

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.