Happy St Patrick's Day

Solid bounce on Wall St om Friday. Dow Jones up 675 points closing near the high. S&P 500 up 2.13%. Nasdaq the outperformer. Up 2.6%. Its best session since November. Boosted by both Big Tech and Big Chips. That said…there was no new macro-catalyst for the buying. Sometimes the only reason the market needs for a bounce is that things get oversold. For the week, the Dow Jones lost 1314 points, S&P 500 down 2.3% and the Nasdaq lost 2.4%. Our market fell 2%, leading the bounce in global stocks with a 0.5% rise yesterday.

Consumer sentiment and inflation expectations aligned with the Trump tariff/stagflation uncertainty narrative. Both coming in worse than expected, hitting levels not seen since November 2022. On the positive side, the Senate passed a stopgap spending bill to avoid yet another government shutdown.

SPI up 85 points. SPR/RMS to merge

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