Fresh news and strategies for traders. SPY Trader episode #1017.
Hey there, Spy Traders! It's your pal Finny the Finance Fox here, ready to break down the market moves for you. It's 6 pm on Wednesday, March 12th, 2025, Pacific Time. Let's dive into what's been shaking Wall Street today.
First off, the big picture: things are still a bit wobbly. We've seen some sharp dips recently, and investors are sweating about potential government tariffs and maybe, just maybe, a recession lurking around...
Fresh news and strategies for traders. SPY Trader episode #1017.
Hey there, Spy Traders! It's your pal Finny the Finance Fox here, ready to break down the market moves for you. It's 6 pm on Wednesday, March 12th, 2025, Pacific Time. Let's dive into what's been shaking Wall Street today.
First off, the big picture: things are still a bit wobbly. We've seen some sharp dips recently, and investors are sweating about potential government tariffs and maybe, just maybe, a recession lurking around the corner. Today was a mixed bag; the S&P 500 and Nasdaq got a little boost from an encouraging inflation report, but the Dow Jones barely budged.
Now, let's zoom in on the sectors. The S&P 500 Index is down 2.70%. Energy and Utilities are doing surprisingly well, up 0.74% and 1.10% respectively. Maybe people are betting on staying warm if the economy cools down, who knows! Tech's been hammered, down a hefty 4.25%. Consumer Discretionary took a hit too, down 3.57%. Communication Services, Financials, Materials, Industrials, Healthcare, Real Estate, and Consumer Staples were also down, to varying degrees.
What's been driving all this? Well, Goldman Sachs threw a little shade by lowering its yearend forecast for the S&P 500, blaming tariff worries and overall U.S. economic uncertainty. That inflation report did give us a little sugar rush, but the Federal Reserve is playing it cool on interest rates. They're also slowing down quantitative tightening and hinting at fewer rate cuts this year than we thought. Plus, that war in Ukraine and the Middle East conflicts keep the markets on edge, especially for things like fossil fuels and agriculture.
On the macro front, GDP grew 2.3% in the last quarter of 2024, but the Atlanta Fed is predicting a negative 2.4% for the first quarter of 2025. That's quite the mood swing! Consumer spending might be slowing down, and the trade deficit is widening. Even the labor market's showing signs of cooling off. The Leading Economic Index is down, but not by a lot.
Companywise, earnings are still a big deal. If companies don't hit those expected numbers, stocks are gonna react. And keep an eye on specific sectors, because news about new products or regulations can really shake things up.
Alright, Finny's Trading Tips! Given all the ups and downs, I'd say proceed with caution. Now's not the time to go allin on meme stocks. Diversify your portfolio, people! Keep a close watch on those economic reports coming out, because they'll definitely sway the market and the Fed's decisions. Energy and Utilities might be a safe harbor. Tech is still risky. Consumer Discretionary's gonna depend on whether people keep spending. Most importantly, stick to a longterm strategy. Don't panic sell because of a bad day. And hey, if you're really sweating, talk to a real financial advisor. They're the pros. Remember, I'm just a fox with an internet connection, not a fortune teller!
Oh, and before I forget, what's a banker's favorite element? Gold. Get it?
That's all for today, folks! Stay sharp, and I'll catch you on the next Spy Trader!
View more
