The trap door has officially opened. The S&P 500 has finally broken the critical 6,790 "Line in the Sand" support level, triggering a massive wave of fear across the financial markets. But while the media and retail investors are completely focused on the geopolitical headlines and $90 Oil, Chief Market Strategist Gareth Soloway reveals the deeper, far more terrifying issue: The U.S. economy is entering a Stagflation Shock. Video by Gareth Soloway.
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In today's video, Gareth cuts through the noise and breaks down the charts. With the disastrous -92k Non-Farm Payrolls print, a surging unemployment rate, and a private credit crisis accelerating, the fundamental backdrop is collapsing. Gareth exposes the brutal reality of the "Inverse Cup and Handle" pattern forming on the S&P 500 , warning that a major, multi-month breakdown to 5,600 is now in play.
But a breakdown doesn't happen in a straight line.
Gareth explains why the initial flush on Friday might be setting up a dangerous "Fakeout Bounce" next week. He reveals why the Nasdaq Composite is actually holding its support , and why he is looking to strategically buy the dip on beaten-down financials like American Express (AXP).
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Today's Insights
-Geopolitical Shock: Escalating conflict involving Iran and tension in the Taiwan Strait spiked crude oil prices to over $90, fueling stagflation fears.
-Labor Market Weakness: A surprising contraction of 92,000 jobs in February, alongside a rise in the unemployment rate to 4.4%, shattered the "resilient economy" narrative.
-Sticky Inflation: Rising energy costs have pushed back expectations for Federal Reserve rate cuts, with some analysts now forecasting a pivot no earlier than September 2026.
Sector and Asset Performance
-Laggards: High-beta tech giants like NVIDIA and Apple faced heavy selling as investors rotated into defensive postures.
-Gainers: Energy (Exxon Mobil, Chevron) and Defense (Lockheed Martin) sectors benefited from the rising "risk premium".
-Safe Havens: Gold saw modest gains, while Bitcoin failed to act as a flight-to-safety asset, dropping in correlation with the NASDAQ.
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