📆 Weekly Market Wrap: From Panic to Parabolic
One of the wildest weeks in recent memory left traders stunned—but the real story is what’s brewing underneath.
Hey traders and investors,
This past week? Anything but quiet. Volatility came roaring back with a vengeance, and the market gave us everything—panic, euphoria, confusion, and a whole lot of whiplash in between.
We had wild swings in equities, a gold spike, Treasury yields breaking out, and the dollar getting smoked. At the center of it all? You guessed it—tariffs.
🔥 Tariff Drama Hits a Boiling Point
On Wednesday, President Trump shocked the market by announcing a 90-day pause on reciprocal tariffs for most countries. Key word: most. China’s still in the crosshairs. The baseline tariff is now 10% across the board, but if you're China, that number jumps to a staggering 145%.
China clapped back Friday with its own 125% tariff on U.S. goods—and they said they’ll be ignoring any future U.S. tariff changes. That basically puts trade between the two largest economies on ice for the foreseeable future. Big implications ahead for supply chains and inventories.
But let’s be real—what traders really cared about was Wednesday’s rally. And what a move it was...
💥 One for the Record Books
The market didn’t just bounce—it exploded. The S&P 500 ripped 9.5% higher in a single day—its third-biggest gain since World War II. The Nasdaq? Up 12.2%, its largest jump since 2001.
That kind of move doesn’t happen without some serious short-covering, a dash of panic buying, and a pinch of relief. But, as quickly as it came, reality started to settle in again.
🌀 Whipsaw Week in Review
Let’s break it down, day by day:
📉 Monday: Turbulence Early
The week kicked off with massive intraday swings.
S&P dipped as much as 4.7%, then rebounded 3.4%.
Conflicting headlines about a tariff pause fueled a lot of the back-and-forth.
The 10-year yield popped to 4.16%—a sign of shifting sentiment in bonds.
⚖️ Tuesday: Big Gains Turn to Big Losses
Market opened strong but couldn’t hold it.
S&P closed below 5,000 after a midday fade.
Tariff jitters resurfaced as the White House confirmed China tariffs would spike to 104%.
Every sector that was up early gave it back. Materials and discretionary names got hit the hardest.
Weak demand at a 3-year note auction didn’t help.
🚀 Wednesday: Lift-Off
Absolute face-melter of a rally.
Trump’s 90-day pause sparked one of the biggest one-day rallies we’ve seen in decades.
Mega caps like $NVDA, $AAPL, $TSLA, $MSFT, and $AMZN all posted double-digit gains.
10-year Treasury auction saw strong demand. Yields pulled back slightly.
Market got a little boost from FOMC minutes, too—nothing major, but the tone didn’t spook anyone.
🧯 Thursday: The Hangover
No follow-through from Wednesday.
Indices opened red and stayed there, despite a small afternoon bounce.
The tariff “pause” suddenly didn’t sound so promising.
Fed speakers warned inflation could remain sticky due to tariffs.
The dollar dropped again, energy stocks cratered, and semis retraced big chunks of yesterday’s gains.
🧩 Friday: Finding Some Footing
Things started soft, but markets rallied into the close.
Earnings from JPMorgan and BlackRock were solid, but didn’t carry the day.
Consumer sentiment came in ugly, with inflation expectations jumping to their highest level since 1981.
Still, yields eased a bit midday and helped spark another broad-based recovery.
All 11 S&P sectors ended green, led by materials, tech, and energy.
💡 Weekly Scoreboard:
The tech sector was the big winner (+9.7%), while energy and real estate were the only losers—dragged by interest rate spikes and growth fears.
📝 My Take
This week was a masterclass in why staying nimble matters. Wild swings, emotionally charged headlines, and a fragile macro backdrop had everyone guessing. But underneath the noise, opportunity was everywhere—for those who stayed disciplined.
Tariff tensions aren’t going away. And while inflation data looked friendly this week, the bond market isn’t convinced. Neither am I. The Fed’s watching, traders are reacting, and foreign investors seem to be quietly stepping back from U.S. assets.
So what’s next? Keep your eye on yields, the dollar, and any updates out of D.C. and Beijing. Volatility’s not done with us yet—and honestly, that’s where the best setups tend to hide.
I’ll be back tomorrow with a deep dive on $AMZN.
You won’t want to miss it.
Let’s keep tilting the odds in our favor! -EC 👊
If you want daily updates like this, I post a Morning Market Overview and an Evening Market Recap every day on Substack Notes and X—just follow me and turn on notifications so you don’t miss a thing at: EdwardCoronaUSA
*Disclaimer: The examples in The Options Oracle are my opinion, not financial advice.