S&P500 continues its free-fall

Spot pricing for Gold $AU4649

Spot pricing for Silver $AU51.04

Spot pricing for Platinum $AU1549

S&P 500 futures are sliding again, wiping out all gains made since the last election. Tuesday’s session saw a 1.2% drop, with markets reacting to the latest wave of tariffs imposed by the U.S. on imports from Canada, Mexico, and China. Retaliatory measures are already in motion, putting additional pressure on equities and rattling investors.

Adding more strain to households, the latest tariffs are expected to hit American families the hardest. Everything from electronics to clothing is set to rise in price, and major retailers are already warning consumers to brace for higher costs. As inflation continues to be a key issue, this only adds to the growing economic pressure felt by everyday Americans.

Microsoft has been caught in the broader market selloff, dropping to its lowest level in over a year. The tech giant closed at $245.30, down 2.3%, marking a 14-month low. While the decline looks bad on paper, analysts argue it’s an overreaction. Microsoft’s fundamentals remain strong, and this looks more like a reactionary pullback than a fundamental weakness in the company itself.

Meanwhile, Trump has thrown another wildcard into global politics, announcing a pause on all military aid to Ukraine. The decision comes at a critical time and has left many questioning U.S. foreign policy direction. With no clear explanation from the administration, speculation is growing about what this means for regional stability and U.S. commitments abroad.

Enjoy today’s charts, and for our readers in South East Queensland - we’re thinking of you as Cyclone Alfred makes its way to your coastline.

Market Indicators to Watch

• U.S. Jobs Report – Releases Friday, March 7, 2025, at 12:30 am AEST, providing a key measure of labor market strength.
• U.S. Unemployment Rate – Also Friday, March 7, 2025, at 12:30 am AEST, a crucial gauge of economic stability.
• U.S. CPI (Inflation Data) – Scheduled for Wednesday, March 12, 2025, at 11:30 pm AEST, offering insight into price pressures.
• RBA Rate Statement – Next update Tuesday, March 11, 2025, at 2:30 pm AEST, shaping expectations for monetary policy.
• AUD Retail Sales Data – Expected Thursday, March 13, 2025, at 11:30 am AEST, reflecting consumer spending trends.

Gold daily chart, with 200MDA

Silver daily chart, with 200MDA

US500, with 200MDA

ASX200, with 200MDA