I had said yesterday that let us hope that the new Trump tariffs would not bring about bring about he had called “Liberation Day” would not “Liberate” investor money from themselves, but at least for one day this was an incorrect assumption as the market underwent a historic day of massive downside crashes.

Once again, the market made a tremendous upside turnaround after a sharply lower start, but the mood on turned sour after President Trump unveiled sweeping new tariffs against nearly all U.S. trading partners, an action that could drastically remake the global economy.

In another wildly volatile session, the market did what it had done the day before, namely to swing back and forth between negative, positive, then negative again and finally a late rally to end mainly on the upside, with uncertainty still high about just what the President will announce about tariffs on his “Liberation Day” to be announced right after the market closes at 4pm.

In one of the truly most astounding days of the many we have seen recently, the major indices turned huge opening losses into solid gains as things got better as the day moved ahead. The gains were so astounding that from bottom to top, the moves were as huge as we have seen in quite a while.

Another awful session ended the week on Friday as a potentially bad mix of worsening inflation and a slowing U.S. economy because of households afraid to spend due to the global trade war put the S&P down by 2% for one of its worst days in the last two years. It ended lower for the fifth week in the last six after experiencing what had been a big gain to start the week.

The recent negativity continued yesterday as the major indices ended lower after a late attempt failed as there were moves in opposite directions as the President’s latest tariff escalation created winners and losers among the auto stocks.

After two higher days in this overall negative market, the chickens came home to roost yesterday as once again, large declines overtook the former high technology leaders once again and this dragged the entire market lower as the Dow tried to stay positive for much of the morning.

The market stayed in a narrow range yesterday but with a late push to the upside once again after roaring the day before on hopes that the President’s tariffs may not be as sweeping as earlier feared.

After that very late in the day comeback on Friday which broke the four-week losing streak for both the S&P and Nasdaq, things really took off to the upside yesterday with tremendous gains for all of the indices which has now cut their yearly losses by a great amount.

The market on Friday was able to turn a very weak start into a late rally to actually end slightly positive for the day, and much of the volatile action had to do with the quarterly options expiration that occurred on the third Friday of March, and this activity will take place three other times this year with no guarantee that the results will be the same.

After starting out sharply lower and then making strong intraday rallies off of their lows, the market faded out once again in the afternoon, reminding investors that potential big, unsettling policy changes are underway because of the President’s actions along with more signals suggesting the U.S. economy remains okay for now.

After an awful day on Tuesday, the market started out higher and was up by 27 S&P points just before the Fed interest rate announcement, from which it got to an astounding gain of 90 before cooling off to end with a 60 point advance to 5675 as it was led for a change by the large technology stocks and the financials.

Would you believe it, that the market had the nerve to rally for the second straight day, which is the first such occurrence in more than a month, but unfortunately the S&P and Nasdaq are still having their worst month since September 2023.

Well, well, well – will miracles never end, as U.S. stocks rallied to their best day in months on Friday as the current roller coaster suddenly shot back upward, but that still was not enough to keep the U.S. market from a fourth straight losing week, its longest such streak since August.

The market fell further Tuesday following the President’s latest escalation of the trade war, briefly pulling the S&P 10% below its record set last month. And like it’s been for most of the past few weeks, the market’s slide on Tuesday was erratic and dizzying.

After last week’s miserable showing, the market basically collapsed yesterday, as things cut deeper as to how much pain the President will let the economy endure through tariffs and other policies in order to get what he wants.

After the supposed “death cross” around mid-day where the S&P falls below the 200 day moving average (around 5700) for the 50-day price, which is supposedly a near-term bearish signal. But from an intraday low of 5666 it made a very strong comeback to end with a closing gain of 31 to finish at 5770, which would be a nice signal but unfortunately these one-day gains have come in the context of a very negative market recently as the market has lost $3 trillion since the inauguration of the current President. It is now more than 6% below its all-time high set last month.

After a relief rally the day before, the market got blasted downward once again, and going into today’s always important monthly jobs report, this week has become the worst one of the year for equities so far.

Hopefully the administration will perhaps learn that the heavy imposition of tariffs is not something that the stock market wants, because it has suffered large declines when the President is aggressive about it and strong gains, like yesterday, when the government eases back on the pressure.

In one of the more bizarre sessions in what has been a series of them, the market got socked badly on the downside with another historic last hour collapse after some of the indices had the nerve to actually go positive.