Stocks had a decisively bearish week, as the Nasdaq-led rally that followed the February mini-crash ran out of steam and the major indices rolled over. The POTUS announced a tariff plan targeted directly at China, and that weighed heavily on the already fragile market in the last half of the week. Apart from the Fed’s rate decision, last week wasn’t particularly busy regarding economic releases, with only durable goods orders and existing home sales coming out. Both reports were better-than-expected, and given the recent plunge in activity, the housing market’s strength is a much-welcomed development. Although small caps showed relative strength throughout the week, the Russell 2000 followed the broader market lower after the Fed meeting, also dipping below its short-term moving average.

Source: Forbes March 25, 2018 22:30 UTC