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Cover for Joel Elconin - Market Gaps Down, Is There Anywhere To Hide?

Joel Elconin - Market Gaps Down, Is There Anywhere To Hide?

April 03, 2025
  • Joel Elconin
  • Economy
KEReport
By KEReport
KEReport

Joel Elconin, co-host of PreMarket Prep, joins us to break down another brutal day for markets across the board. 

Following last week’s warning signs, Joel returns to assess what now feels like a full-blown market unwind. Stocks are down sharply, volatility is surging, and investors are scrambling for safety - yet even traditional defensive sectors are cracking under pressure.

Key Theme: With equity markets collapsing, safe havens weakening, and algorithmic selling accelerating, we could be witnessing a structural shift in how investors interact with markets.

🔻 Market Breakdown:

  • S&P down nearly 6%, Nasdaq and small caps also getting crushed — a continuation of the post-Liberation Day selloff.
    Circuit breakers in focus: Markets approached the 7% intraday decline threshold, reminiscent of March 2020.
  • Joel’s technical take: Watching the S&P Cash Index closely - with a potential downside target of 4,150 - 4,200 based on long-term retracement levels.
  • No signs of capitulation (yet): Joel stresses the selloff remains “orderly,” not panic-driven - but warns that real capitulation could trigger deeper damage.
  • Gaps aren’t the focus: Unlike previous pullbacks, Joel isn’t seeing actionable gaps in the futures market and cautions against assuming they'll be filled quickly.
  • A generational investor shift: The meme-stock era and rise of zero-day options have created a “casino-like” market dynamic, distorting fundamentals..
  • Cash is king right now - and Joel, like Warren Buffett, is comfortable sitting in yield-bearing instruments..
  • Safety trades showing cracks: Bonds and the dollar are catching bids, but even those trades aren’t bulletproof in this environment.

💬 Big Picture Insights:

  • “The past 100 years of U.S. free trade policy was just overturned in a week — the markets are reacting accordingly.”
  • “We're not seeing capitulation - yet. But volatility is feeding on itself.”
  • “There’s nowhere to hide. Even defensive names and dividend plays are getting hit.”

Click here to visit Joel’s PreMarket Prep website.

Click here to visit the Stock Trader Network.

KEReport
KEReport
The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap companies. Interviews are published daily to help investors navigate the markets.
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