STOCK MARKET WATCH -- Thursday, 10 April 2025

[Tansy_Gold]

STOCK MARKET WATCH: Thursday, 10 April 2025

Previous SMW:
SMW for 9 April 2025



AT THE CLOSING BELL ON 9 April 2025


Dow Jones 40,608.45 +2,962.86 (7.87%)
S&P 500 5,456.90 +474.13 (9.52%)
Nasdaq 17,124.97 +1,857.06 (12.16%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

‪John W Dean‬ ‪@johnwdean.bsky.social‬

8 April 2025

Apple agreed to spend $500 billion building domestic USA factories to manufacture its products. Tim Cook gave the information to Trump so he could brag on it, and he did. As a result of Trump‘s tariff policies, Apple has lost over $600 billion in valuation. Apple should tell Donald to stuff it!

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[progree]

1. Oh, the long slide is not over by a long shot, and neither is the tariffs problem

(I wrote this in reply to someone who sounded like with the big tariffs rollback, and the big nearly double-digit percentage climb in the markets, that the markets were getting back to normal)

The S&P 500 closed Wednesday April 9 at 5457, up 9.5% for the day,
and down 5.6% from the 5783 election day closing level,
and down 9.0% from the inauguration-eve level,
and down 7.2% year-to-date,
and down 11.2% from its all-time closing high of 6144 on Feb 19.

The S&P 500 is almost but not quite back to where it was on April 2
so it's not like it has recouped the whole slide since February 19, nor will it.
https://finance.yahoo.com/quote/%5EGSPC/history/

Just so people understand that the "tRump trade" is still plenty underwater.

As for the tariffs - they are still the highest in a century. Not counting China. The 125% tariffs on China will have a big impact on prices and supply chains if it is kept on.

https://www.democraticunderground.com/100220225255
https://www.democraticunderground.com/100220225270

S&P 500 futures are down by 2.3% as I post 8:51 AM ET 4/10. Not a humongous drop, but the wrong direction for supposedly fixing the tariffs problem. Dow futures down 1.6% (644 points)

The CPI inflation report will be released in about 40 minutes.

[Hugin]

2. Some of the long gone old SMW timers used...

RV sales as a concurrent indicator of the state of the economy.

Their rationale being that RVs are essentially mini-houses requiring most of the same supply chains to build with the added information that their purchase was almost totally discretionary. Few needed an RV right now, in other words.

I think the demographics and social trends in the US have changed to the point that the RV metric is no longer a metric. Probably due to an erosion of the middle class.

I agree with your use of the S&P based on criteria you have put forth in earlier posts. It’s plain that the raw Dow has been compromised.

I wonder if there are any other “RV heuristics” out there.

[progree]

3. Interesting. Someone started a thread on indicators that a recession is coming

https://www.democraticunderground.com/100220225148

There are some more less lurid indicators mentioned in the full article and in the comments

[Hugin]

4. Ah, ha!

I’m not sure how to survey that sector, though. Definitely a leading indicator.

During one of my late night struggles with insomnia, I ended up watching “Hustlers” (2019, feat. Jennifer Lopez). Although a crime comedy, the movie was based on an article in New York magazine. Due to this, one of the main plot drivers was the profound and permanent changes in the industry after the 2007 - 2008 crash. In a few words, “It got mean.” I found this part of the movie worth understanding.