10 Charts to Decode the Cross-Asset Signals Driving Stocks, Bonds, and Commodities
Mar 05, 2025

1. S&P 500 Likely to Hold at 200-Day MA

(1) Will S&P 500 indexes find support at their 200-day moving averages? We think so. Sentiment is quite bearish and the next batch of economic indicators should confirm the economy is growing. 10 Charts to Decode the Cross-Asset Signals Driving Stocks, Bonds, and Commodities

2. Nasdaq Poised for Dip-Buying After Selloff

(2) Will the Nasdaq remain in its bullish channel? We expect to see some dip-buying following the rapid selloff. 10 Charts to Decode the Cross-Asset Signals Driving Stocks, Bonds, and Commodities

3. LargeCaps and SMidCaps Amid Trump Turmoil 2.0

(3) Will LargeCaps continue to outperform SMidCaps? Trump Turmoil 2.0 is weighing more on the latter than the former. 10 Charts to Decode the Cross-Asset Signals Driving Stocks, Bonds, and Commodities

4. China Tech Rally Boosted by Government Stimulus Amid Tariffs

(4) Will Chinese stocks continue to rally led by technology stocks? The Chinese government is responding to Trump Tariffs 2.0 with more stimulative measures. US technology stocks, including the Magnificent-7, might be bottoming. 10 Charts to Decode the Cross-Asset Signals Driving Stocks, Bonds, and Commodities

5. Brent to Maintain Support Amid Global Stimulus

(5) Will the price of a barrel of Brent crude oil hold support around $69? It might given recent stimulus measures in China and Germany. Lower oil prices should stimulate more global economic growth and oil demand. Then again, oil supplies are plentiful. 10 Charts to Decode the Cross-Asset Signals Driving Stocks, Bonds, and Commodities

6. Germany’s Fiscal Shift Set to Lift European Stocks

(6) Will Germany's fiscal U-turn drive German and European stock prices still higher? That seems likely. 10 Charts to Decode the Cross-Asset Signals Driving Stocks, Bonds, and Commodities

7. German Bond Yields Headed Toward 3.00%

(7) How much higher might the German government bond yield go? It's likely to climb to 3.00% soon. 10 Charts to Decode the Cross-Asset Signals Driving Stocks, Bonds, and Commodities

8. Euro Targets 1.10 Resistance

(8) Will the euro jump above 1.10? It might find quite a bit of resistance at that level. But if it blasts through that level than 1.20 is conceivable. 10 Charts to Decode the Cross-Asset Signals Driving Stocks, Bonds, and Commodities

9. Gold Rising as Central Banks Diversify

(9) Why is the price of gold rising so steadily? Central banks are continuing to add gold to their reserves as an alternative to the dollar . 10 Charts to Decode the Cross-Asset Signals Driving Stocks, Bonds, and Commodities

10. Fed Rate Cuts: Market Bets on Three More, but We See None

(10) How many more 25bps fed funds rate cuts are likely over the next 12 months? The fed funds rate futures market shows three more. We remain in the none-and-done camp. 10 Charts to Decode the Cross-Asset Signals Driving Stocks, Bonds, and Commodities

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