Are the bears in control? Charts are terrible.

The dreaded H pattern

As of today, March 28, 2025, the U.S. stock market experienced a downturn following a volatile week. Reports indicate that Wall Street closed lower, with the S&P 500 ending the day in negative territory, influenced by investor reactions to recent economic data and policy developments. Specifically, discouraging updates on U.S. consumer sentiment and rising inflation pressures, compounded by ongoing concerns about President Trump's auto tariffs, contributed to the decline. The S&P 500 was noted to have posted its worst day of 2025 earlier in the month on March 3, and today's performance reflects continued uncertainty.

The Dow Jones Industrial Average and Nasdaq Composite also faced downward pressure, though specific daily figures for today are not detailed in the available data up to this point. Earlier in the week, stocks showed signs of stabilization, and there was an attempt to extend gains after a lighter tone on tariff rhetoric from the Trump administration on March 24. However, the latest tariff announcements and economic indicators appear to have reversed some of that momentum.

Globally, markets showed mixed responses. In Asia, Japan’s Nikkei 225 rose by 0.72%, while China’s CSI 300 gained 2.43%, buoyed by sector strength. In contrast, Canadian stocks fell amid heightened tariff-related worries. Overall, the market today reflects a cautious sentiment, driven by trade policy uncertainty and macroeconomic concerns, with investors digesting the implications of tariffs and awaiting further clarity on economic growth and Federal Reserve actions.