{"id":63944,"date":"2025-04-24T02:00:59","date_gmt":"2025-04-24T07:00:59","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=63944"},"modified":"2025-04-24T11:27:15","modified_gmt":"2025-04-24T16:27:15","slug":"market-trends-april-24","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2025\/04\/24\/market-trends-april-24\/","title":{"rendered":"Has Scott Bessent Taken Charge?"},"content":{"rendered":"<p>Downloads are available\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-public-materials-Oct-2024b.zip\">here<\/a>. Our new MT ES v2 workspace is\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-ES-v2.zip\">here<\/a>. TradeStation\u2019s ideas on TradingView are <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.tradingview.com\/broker\/TradeStation\/ideas\/\">available\u00a0here<\/a><\/span>.<\/p>\n<p>Check out our next \u201c<a href=\"https:\/\/streamyard.com\/watch\/VdV8uqeiakB2\" target=\"_blank\" rel=\"noreferrer noopener\">State of the Market<\/a>,\u201d on Monday, 4\/28.<\/p>\n<h2 class=\"wp-block-heading\">Sizing Up the Market<\/h2>\n<ul>\n<li>S&amp;P 500 establishes higher low at 5,100, near the lows of August and 4\/10 (after major reversal).<\/li>\n<li>10-day MA rising as MACD turns up.<\/li>\n<li>4\/3 high of 5,500 and falling trendline may be next relevant pattern.<\/li>\n<\/ul>\n<div id=\"attachment_63951\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-63951\" class=\"wp-image-63951 size-large\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250423-1024x490.jpg\" alt=\"\" width=\"1024\" height=\"490\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250423-1024x490.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250423-300x143.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250423-768x367.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250423-1536x734.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250423-1080x516.jpg 1080w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250423.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-63951\" class=\"wp-caption-text\"><em>S&amp;P 500, daily chart, with select patterns and indicators.<\/em><\/p><\/div>\n<h2>Has Scott Bessent Taken Charge?<\/h2>\n<ul>\n<li>4\/9: Treasury Secretary Scott Bessent pushed for Trump to delay tariffs following bond-market distress<\/li>\n<li>4\/22: Bessent tells investors at private event that China trade tensions would de-escalate in &#8220;very near future.&#8221;\n<ul>\n<li><em>Bessent also targets <span style=\"text-decoration: underline;\">July 4<\/span> for tax cuts<\/em><\/li>\n<\/ul>\n<\/li>\n<li>4\/22: Trump rules out firing Jerome Powell, consistent with Bessent&#8217;s push for bond-market calm.\n<ul>\n<li><em>The Wall Street Journal<\/em> reported Bessent intervened to protect Powell.<\/li>\n<\/ul>\n<\/li>\n<li>4\/23: Bessent calls trade war with China &#8220;unsustainable,&#8221; sees &#8220;opportunity for a big deal.&#8221;<\/li>\n<li>4\/23: Trump: China tariffs to &#8220;come down substantially.&#8221;<\/li>\n<li>Meanwhile, tariff proponent Peter Navarro has been less active<\/li>\n<li><em>Is there a &#8220;Bessent put?&#8221;<\/em><\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Upcoming Events<\/h2>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul class=\"wp-block-list\">\n<li>Earnings tonight: GOOGL INTC<\/li>\n<li>Tue 4\/29: Consumer confidence, JOLTs job openings\n<ul class=\"wp-block-list\">\n<li>Earnings: SNAP SBUX STX GM SPOT V<\/li>\n<\/ul>\n<\/li>\n<li>Wed 4\/30: ADP private sector payrolls, PCE inflation, GDP, crude oil inventories\n<ul class=\"wp-block-list\">\n<li>Earnings: *<em><strong>META* *MSFT*<\/strong><\/em> QCOM CAT<\/li>\n<\/ul>\n<\/li>\n<li>\u00a0Thu 5\/1: Jobless claims, ISM manufacturing<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Downloads are available\u00a0here. Our new MT ES v2 workspace is\u00a0here. TradeStation\u2019s ideas on TradingView are available\u00a0here. Check out our next \u201cState of the Market,\u201d on Monday, 4\/28. Sizing Up the Market S&amp;P 500 establishes higher low at 5,100, near the lows of August and 4\/10 (after major reversal). 10-day MA rising as MACD turns up. [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":63321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1276,13],"tags":[],"class_list":["post-63944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-trends","category-stocks","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Has Scott Bessent Taken Charge? | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2025\/04\/24\/market-trends-april-24\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Has Scott Bessent Taken Charge? | Market Insights\" \/>\n<meta property=\"og:description\" content=\"Downloads are available\u00a0here. Our new MT ES v2 workspace is\u00a0here. TradeStation\u2019s ideas on TradingView are available\u00a0here. Check out our next \u201cState of the Market,\u201d on Monday, 4\/28. Sizing Up the Market S&amp;P 500 establishes higher low at 5,100, near the lows of August and 4\/10 (after major reversal). 10-day MA rising as MACD turns up. 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Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories \u2013 especially those overlooked by other commentators. 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Sizing Up the Market S&amp;P 500 establishes higher low at 5,100, near the lows of August and 4\/10 (after major reversal). 10-day MA rising as MACD turns up. 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