To The Moon

The major U.S. stock indexes experienced a late-session selloff, ending the day in negative territory amidst uncertainty and a lack of clear direction. Ind Perf Despite hovering around record highs, concerns about upcoming events and data releases contributed to the cautious sentiment. Key Points Market Performance: The $S&P 500(.SPX)$ closed down by 0.3%, the Dow Jones Industrial Average slipped 0.1%, and the $NASDAQ(.IXIC)$ fell 0.4%. The decline was attributed to a late-session selloff, with indexes struggling for direction amidst a lack of specific catalysts. $Apple(AAPL)$ $Microsoft(MSFT)$ $NVIDIA Corp(NVDA)$ Geopolitical Concerns: International events, including a bridge collapse in Baltimore and Japan's warning about currency depreciation, added to market uncertainties. Trump Social Media Debut: Donald Trump's social media company, Truth Social, made its highly anticipated debut via a merger with Digital World Acquisition Corp. Shares surged during the first day of trading, briefly reaching a market capitalization of over $10 billion before pulling back sharply towards the end of the session. DJT Market Reaction - The VIX edged up slightly, reflecting increased market volatility. $VIX - Utilities and energy stocks lagged behind, while health care and financials outperformed. - The debut of Truth Social garnered significant attention, reminiscent of the early 2021 meme-stock frenzy. Outlook - Investors remain cautious amidst uncertainty surrounding upcoming events and data releases. They are anticipating a busy few weeks ahead, with key data releases including March jobs numbers and the consumer price index. Additionally, minutes from the Federal Reserve's last meeting and a policy decision by the European Central Bank will impact market sentiment. First-quarter earnings season is set to kick off with expectations for a slight decline in earnings growth compared to late 2023. However, historical trends suggest that actual earnings could exceed current forecasts. - The performance of Truth Social's stock debut highlights continued investor interest in high-profile IPOs and SPAC mergers… This analysis is for informational purposes only and should not be construed as financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions. Trading in financial markets involves risks, and past performance is not indicative of future results. Thanks for reading, support. You’re welcome. @TigerStars @CaptainTiger @Tiger_SG @TigerPM