Stormy March markets have battered stocks lower in the first
half of the month in recent years. Named after Mars, the Roman god of war, the
third month of the year often serves as a battleground for bulls and bears.
Julius Caesar may not have heeded the famous warning to “beware the Ides of
March,” but perhaps the bears should take heed this year, at least for a bounce.
Several key technical levels have been breached which unfortunately
brings support around the September lows and last March’s highs in the 5300-5400
area into play. But a near term bounce is setting up for later this week or
early next, though it will need some sort of catalyst from President Trump, the Fed,
Congress, rates, inflation or geopolitics to trigger it.
