Updated Models & Spotlight Chart 3/2/2025

Bitcoin Hits Support and Risk Appetite Continues to Decline

The S&P 500 fell almost -1% on the week, coming into Friday at a much larger decline that was partially erased on the last day of the week with over 85% of stocks advancing. The large cap index is now down -3% (intraweek was in a -4.6% drawdown) while small caps are down -11.7% and mid caps off by -8.7%. The S&P 500 is in its seventh day since hitting a 52-week high and the DJIA is on day 57. The VRT did an excellent job marking the low in the VIX before the 50% rise in volatility, this week’s Volatility section shows signals for a possible reversal lower. Risk Appetite meanwhile is still falling.

This week’s Spotlight Charts looks at bitcoin.

Summary of Models

Index & Sector Performance Summary