S&P 500 Recovers Half of Tariff Losses Amid Market Chaos
The S&P 500 has clawed back half of its recent losses following a brutal selloff, surging more than 10% from its lowest close and 14% from the April 7 intraday low. The rebound was triggered by a massive flight out of US dollar assets and Treasuries, leaving a gap in the market that the index promptly filled. Despite the recovery, investor confidence remains fragile, with market structure still showing signs of strain.
Technical signals have turned bullish, with Thursday’s trading session triggering the rare Zweig breadth thrust—a cluster of extreme positive breadth days after a steep decline. Such signals, historically reliable, suggest potential for further upside, though volatility persists.