--- title: "Review of US Stock Market Performance on March 12" type: "Topics" locale: "zh-HK" url: "https://longbridge.com/zh-HK/topics/39239126.md" description: "US stocks suffered another day of a crude oil shock! 🤯 Crude oil rose another 9%, with Brent crude futures closing above $100 for the first time in over three years. Panic intensified in the S&P market, with the S&P and Nasdaq opening lower and continuing to decline, showing no signs of resistance during the session! The S&P fell below 6700, hitting a nearly three-month closing low, and I also posted a reminder during the session that this trend is not good. The next step is to see if MA200 at 6600 can hold. If it doesn't, the market turns bearish❗️ Regarding interest rate cuts, the market went from betting on two cuts this year at the beginning of the year to, influenced by inflation today, starting to bet on no cuts at all this year. Bad news keeps coming, where is the reversal? The US-Iran war eased, and the Strait of Hormuz opened..." datetime: "2026-03-13T03:09:24.000Z" locales: - [en](https://longbridge.com/en/topics/39239126.md) - [zh-CN](https://longbridge.com/zh-CN/topics/39239126.md) - [zh-HK](https://longbridge.com/zh-HK/topics/39239126.md) author: "[南瓜美股](https://longbridge.com/zh-HK/profiles/11897288.md)" --- > 支持的語言: [English](https://longbridge.com/en/topics/39239126.md) | [简体中文](https://longbridge.com/zh-CN/topics/39239126.md) # Review of US Stock Market Performance on March 12 US stocks suffered another day from a crude oil shock! 🤯 Crude Oil Rose another 9%, with Brent crude oil futures closing above $100 for the first time in over three years. S&P Market panic intensified, with the S&P and Nasdaq opening lower and falling further, showing no signs of resistance during the session! The S&P fell below 6700, hitting a new closing low in nearly three months. I posted a reminder during the session that this trend is not good. The next step is to see if MA200 at 6600 can hold. If not, the market turns bearish! ❗️ Regarding Interest Rate Cuts From betting on two rate cuts this year at the beginning of the year, the market, influenced by inflation today, has already started betting on no rate cuts for the entire year. Negative news keeps coming, where is the reversal? Only when the US-Iran war eases, the Strait of Hormuz opens, and oil prices plummet, will the S&P reverse and return to 7000 points. If there are any military experts, feel free to predict the war's direction. I don't understand this area. My Positions On Monday and Tuesday this week, I cleared my positions in AVGO and COST respectively. The S&P is down 3% this month, but my account has barely moved. My position allocation is fine for now. I still have close to 40% in cash, waiting for a drop to add to my positions. 💪 Financial Sector Performance has been very poor recently! Private credit funds are already facing an unprecedented wave of investor redemptions and a large number of borrower defaults. Including Morgan Stanley, which has also started limiting redemptions for one of its private credit funds. Credit defaults + rising inflation mean the short-term risk for financial stocks is very high. Be cautious about bottom-fishing. Aviation Sector Closely linked to oil prices. High oil prices lead to plummeting profits, and aviation stocks have fallen sharply. However, once oil prices drop, this sector presents an opportunity. 🧐 ### 相關股票 - [NASDAQ Composite Index (.IXIC.US)](https://longbridge.com/zh-HK/quote/.IXIC.US.md) - [Proshares UltraPro Short QQQ ETF (SQQQ.US)](https://longbridge.com/zh-HK/quote/SQQQ.US.md) - [Broadcom (AVGO.US)](https://longbridge.com/zh-HK/quote/AVGO.US.md) - [Financial Select Sector SPDR Fund (XLF.US)](https://longbridge.com/zh-HK/quote/XLF.US.md) - [S&P 500 (.SPX.US)](https://longbridge.com/zh-HK/quote/.SPX.US.md) - [ProShares Shrt QQQ (PSQ.US)](https://longbridge.com/zh-HK/quote/PSQ.US.md) - [Invesco QQQ Trust (QQQ.US)](https://longbridge.com/zh-HK/quote/QQQ.US.md) - [Direxion Nasdaq 100 Equal Weight Index shares (QQQE.US)](https://longbridge.com/zh-HK/quote/QQQE.US.md) - [Proshares UltraPro QQQ (TQQQ.US)](https://longbridge.com/zh-HK/quote/TQQQ.US.md) - [Costco Wholesale (COST.US)](https://longbridge.com/zh-HK/quote/COST.US.md) - [Costain Group PLC (COST.UK)](https://longbridge.com/zh-HK/quote/COST.UK.md)