The March Lows For The Stock Market NEED To Hold

A meaningful drop below the March lows could cause the decline to start to feed on itself.

• The details from the Administration about their new tariffs have only raised more uncertainty surrounding this issue. When you combine this…with more confirmation that the AI market is not going to be as profitable as the market has been pricing-in…it has created even more headwinds for the stock market.

• However, if the major averages and key leadership groups can hold their March lows…and bounce off them strongly…it will give the market some badly needed relief. On the flip side, if those lows are broken…either now, or within the next few weeks…it will likely lead to a much further decline, (because that’s when the “forced selling” will kick-in).