The Trump-Year Blueprint Is in Play ๐ The Chart Report
Chart of the Day
๐ Today's Chart of the Day was shared by Jeffrey Hirsch.
The typical playbook during Trump presidency years features early weakness in Q1, a springtime bottom, and a gradual push higher into year-end.
Of course, the most recent example that comes to mind is last yearโs tariff-driven selloff, and so far, price is tracking a similar path.
While midterm years are often associated with volatility, theyโve historically held up better in a presidentโs second term compared to the first.
The Takeaway: The market is tracking a typical Trump-era pattern, with a potential spring low still in play.
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The last time correlations between the S&P 500 and the Mag Seven were this negative, it marked the start of sharp outperformance from Big Tech.
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The U.S. Dollar tends to peak seasonally around this time, with a bottom typically forming in Q3.
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The High Yield Bond ETF is retesting its upward-sloping 200-day moving average.
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For Gold, the further price moves away from the January highs, the more that high-volume peak begins to resemble a potential blow-off top.
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Silver's recent price action closely mirrors the run seen in 1980.
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