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Animal Spirits: The Most Confusing Rally of All Time
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On today’s show, we discuss:
'I Could Lose It All Tomorrow': The Traders Leaning In to Wild Markets
Trump softens tariff tone amid empty shelves warning, market slump
Cargo Shipments From China to U.S. Slide Toward a Standstill
Americans Are Downbeat on the Economy. They Keep Spending Anyway.
$1 Trillion of Wealth Was Created for the 19 Richest U.S. Households Last Year
How 'Yellowstone' Became a $3 Billion Franchise - and Where It Goes Next
Charts:


















Tweets:
The rare Zweig Breadth Thrust (ZBT) triggered today.
Marty Zweig discovered this signal and it has a perfect track record (using NYSE data from NDR).
This signal has been 100% accurate since WWII, with the S&P 500 higher 6- and 12-months later every single time. 19 for 19.
— Ryan Detrick, CMT (@RyanDetrick)
4:14 AM • Apr 25, 2025
The S&P 500 is up at least 1.5% for three days in a row.
This isn't stuff you see in bear market rallies or short covering rallies. You see this before times of strong performance.
Higher 10 out of 10 times a year later and up 21.6% on average.
— Ryan Detrick, CMT (@RyanDetrick)
3:26 AM • Apr 25, 2025
To say this one more time, what we've seen the past two weeks isn't what you see in bear market rallies.
More than 70% advancers on the NYSE six times over the past 10 days. Never lower 6- and 12-months later for the S&P 500.
— Ryan Detrick, CMT (@RyanDetrick)
3:45 AM • Apr 25, 2025
In the past 15 trading days the S&P 500 has seen runs of:
-12.1% (in 4 days)
+9.5% (1 day)
-5.5% (7 days)
+6.3% (3 days)
Like 4 months in less than one
— Ben Carlson (@awealthofcs)
3:18 AM • Apr 25, 2025
NOTHING TO SEE HERE FOLKS
THIS IS COMPLETELY NORMAL AND HEALTHY
HAVE THEY CONSIDERED CUTTING AVOCADO TOAST OUT OF THEIR BUDGET
— Lance Lambert (@NewsLambert)
3:52 AM • Apr 23, 2025
Who else is excited to see how we fix these problems? The USA's "broken" monetary system:
#1 in total wealth.
#1 in total GDP.
#1 in GDP growth in the G7.
#1 in global corporate profits.
#1 in GDP per capita in the G20.— Cullen Roche (@cullenroche)
2:39 PM • Apr 22, 2025
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