A Day for the History Books

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Today was one of the most epic sessions in the history of the stock market.

Amid rumors around tariffs, the S&P 500 ripped higher, closing up 9.5% on the day.

That makes it the third-largest one-day gain for the index going all the way back to 1950.

Moves like this aren't just rare… they are historic.

You can count on one hand how many times the S&P has rallied more than 9% in a single session in the last 75 years.

The green dots in this chart show these historical rallies.

Only during the depths of the Great Financial Crisis, have we seen stronger gains:

• October 13, 2008: +11.6%
• October 28, 2008: +10.8%

Then we have to include:

• March 24, 2020 (Covid Crash): +9.4%
• March 13, 2020 (Covid Crash): +9.2%
• October 21, 1987 (Flash Crash): +9.1%

These kinds of monster rallies tend to show up during bear markets — when volatility is elevated and emotions are running high.

That context matters.

A surge like today doesn’t mean we’re out of the woods. It means we’re in the thick of them.

The volatility isn’t going anywhere.

But this is a step in the right direction, and it marks serious progress for the bulls.

Key levels were held, and now bullish signals are triggering, if only for a counter-trend rally. 

We’ll know more soon.

Steve will be LIVE tomorrow at 9:45 a.m. ET to show you exactly what he's doing and how he's trading this bounce. Click here and don't miss it.

Alfonso