📉 Market Recap
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S&P 500: 4,982.77 (-1.6%)
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Dow Jones: 37,645.59 (-0.8%)
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Nasdaq: 15,267.91 (-2.1%)
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Russell 2000: 1,760.71 (-2.7%)
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Bitcoin: $76,983 (-2.5%)
📊 Market Highlights
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The S&P 500 experienced a historic intraday swing, surging 4.1% before closing down 1.6%, marking its largest reversal since at least 1978.
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Despite the day’s downturn, today’s closing prices remain above Monday’s lows.
📰 Headlines
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Tariff Turmoil: The U.S. confirmed a 104% tariff on Chinese imports starting at midnight, escalating trade tensions and fueling market volatility. The Guardian
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Tech Tumbles: Major tech stocks led the decline, with the Nasdaq Composite dropping 2.1% amid renewed tariff concerns.
There’s not much reason to discuss individual stocks since correlation is probably near 100%. But I still believe this correction provides good opportunities in stocks like Berkshire Hathaway and Robinhood.
