π America's Two Most Important Industries Break Down
April 4, 2025
π Daily ETF Overview
Global markets have sold off in response to Trump's sweeping tariffs.
This is no longer just a regular dip in a bull market, it is turning into a significant cause for concern for more sustained weakness.
Two key industry groups to demonstrate this is housing $ITB, which has broken down and is now trending lower.
And semiconductors $SOX which has completed a major topping pattern.
Arguably the two most important industry groups have broken down, and are now in defined downtrends.
This isn't just a regular dip; unless we see risk assets take a significant rebound (and quickly), we're transitioning into a deeper correction that could last months, if not quarters.
