Pullback vs Market Correction, S&P 500 Analysis, MotiveWave Sale & More!

By Bennett Tindle March 25, 2021

We’ve seen some interesting dynamics at play in the markets recently, with the move up to 1.75% in the US10yr sparking widespread weakness in growth and high-multiple tech stocks. The correction began on February 16th, finally concluding and finding support into March 4th and 5th lows. We’ve since seen the S&P 500, Dow Jones and Russell 2000 break to new record highs, while the Nasdaq 100 has only managed to retrace about 61.8% of its decline. With yields backing off, is the distribution in growth stocks overdone? If the move up in yields in truly transitory, the rotation away from growth could soon be coming to an end. Alternatively, if my original analysis of the markets is correct, continued stimulus and spending bills could result in overheating of the economy and a more prolonged, sustainable move in treasuries. Tune in as I walk you through the charts, highlighting the signs I’ll be watching in the S&P 500 to determine if and from where we may be turning higher. If we do see continued widespread market weakness, look to a break of the March lows for confirmation of further downside.

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