
On Tuesday, the S&P 500 did something it hasn't done since 1978: it hit an intraday high, up 4.1%, only to finish down 1.6%, continuing the tariff -induced market crash.
As a result, only seven Nasdaq stocks hit 52-week highs yesterday, compared to 509 hitting 52-week lows. On the NYSE, the win/loss ratio was 1/437, another reminder of how bad the markets views this tariff turmoil.