The oil markets had a negative day today.

WECI is for a deviation from trend growth rate, while WEI is the growth rate. In both cases, growth has decelerated since “Liberation Day” by 0.6 ppts.

Today's midday gains were cut short, as fears surrounding the government shutdown and big banks weighed.

The dollar may be entering a new phase. The bounce off the lows may have already run its course, and the broader downtrend may be resuming.

Technical analysis on S&P, SMH, NVDA chart, giving the levels where they need to hold or where a market collapse becomes likely.