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Soloway: 30% to 50% SPX Pullback 'Almost Inevitable,' NDX & TSLA Bottom Potential

Soloway: 30% to 50% SPX Pullback 'Almost Inevitable,' NDX & TSLA Bottom Potential

Verified Investing's Gareth Soloway believes markets will rally on trade deal announcements. The issue comes down to timing, as Gareth doesn't expect tariff talks to settle for months, which will inch the U.S. economy toward recession. He uses the lifelong SPX chart to explain why the market is bound for a pullback that's the size between the Dot Com bubble and the Great Depression. Gareth later discusses where he sees the NDX and Tesla (TSLA) bottoming if the pullback accelerates.

Market On Close

21 Apr 2025

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