Market extremes indicate potential bottom, Trump announces crypto reserve, Tesla reinstated as top pick

From Nasdaq
March 3, 2025 10:19:00 am:

Market Extremes and March Bottoms: The Nasdaq’s recent 5% drop in six sessions has led to extreme sentiment indicators, with bears outweighing bulls ~60% to 20%. The “CNN Fear & Greed Index” is at its most fearful level since last summer. Historically, “Extreme Fear” readings coincide with significant market bottoms.

Trump Announces Crypto Reserve: President Trump announced a crypto strategic reserve, naming Bitcoin, Ethereum, XRP, Solana, and Cardano. Details will be revealed at the White House crypto summit on March 7th. This news boosted crypto-related stocks like Coinbase, MicroStrategy, and the iShares Bitcoin ETF in early trading.

Tesla “Top Pick” Status Reinstated: Despite Tesla’s rough start in 2025, Morgan Stanley’s Adam Jones reinstated the company as a top pick. Jones highlighted Tesla’s potential in AI and other emerging industries. CEO Elon Musk also tweeted about Tesla’s future EPS growth possibly reaching 1,000% in 5 years. Bulls believe Tesla’s lead in real-world AI will drive growth.

Read more at Nasdaq: Happening Now: Market Extremes, Crypto Reserve, Tesla Top Pick