MARKETS TRUST TRUMP VICTORY DECLARATION – MAXIMALIST DEMANDS FROM BOTH SIDES; REALITY CHECK – WEAK TREASURY AUCTION
By Nigam Arora
To gain an edge, this is what you need to know today.
Weak Treasury Auction
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows continued buying after the stock market previously hit zone 1 (support).
- As described in yesterday’s Morning Capsule, there was a deep excursion inside zone 1 in the premarket before President Trump’s post rallied the stock market.
- This morning, there is buying in the stock market on President Trump declaring victory in the Iran war. President Trump said, “You know, I don’t like to say this, we’ve won this – this war has been won.”
March 25, 2026