Pre-Market Report – Monday 17 March: US markets rally | NAB CFO switches to WBC

Happy St Patrick's DaySolid bounce on Wall St om Friday. Dow Jones up 675 points closing near the high. S&P 500 up 2.13%. Nasdaq the outperformer. Up 2.6%. Its best session since November. Boosted by both Big Tech and Big Chips. That said…there was no new macro-catalyst for the buying. Sometimes the only reason the market needs for a bounce is that things get oversold. For the week, the Dow Jones lost 1314 points, S&P 500 down 2.3% and the Nasdaq lost 2.4%. Our market fell 2%, leading the bounce in global stocks with a 0.5% rise yesterday.Consumer sentiment and inflation expectations aligned with the Trump tariff/stagflation uncertainty narrative. Both coming in worse than expected, hitting levels not seen since November 2022. On the positive side, the Senate passed a stopgap spending bill to avoid yet another government shutdown.SPI up 85 points. SPR/RMS to mergeWant to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.