MRKT Matrix Chart Check On Stocks As Nasdaq Enters Correction | MRKT Call
Mar 10, 2025
Carter Worth, a charting expert at Worth Charting, delivers incisive insights on market trends and technical analysis. He breaks down the recent downturns in major indices, highlighting the effects of interest rate changes and performance dips in stocks like Nvidia and Tesla. The discussion also dives into challenges in the energy sector and the valuations of tech giants like Apple. Carter wraps up by illuminating international market comparisons, all with a dash of humor and a unique sports rivalry twist.
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Market Sell-off Characteristics
- The hardest hit stocks share a common trait: previous exceptional strength.
- High-flying stocks like Tesla, KKR, and even low-beta stocks like Costco and Walmart, are experiencing the most pronounced selling.
S&P 500 Potential Downturn
- The S&P 500's steep rise has been broken, suggesting a potential 20-21% downturn.
- This retracement would align with the 2022 bear market and the trend since the COVID low.
2021 Market vs. Current Market
- The 2021 market surge, fueled by SPACs and speculative fervor, was exceptionally broad.
- However, many stocks haven't recovered since, highlighting the current market's narrow leadership.