Ray Blanco:

SpaceX Rocket Explosion Leads to Flight Delays at Florida Airports Over Fears of Falling Debris

Nearly two months after an explosion sent flaming debris raining down on the Turks and Caicos, SpaceX launched another mammoth Starship rocket on Thursday, but lost contact minutes into the test flight as the spacecraft came tumbling down and broke apart.

This time, wreckage from the latest explosion was seen streaming from the skies over Florida. It was not immediately known whether the spacecraft’s self-destruct system had kicked in to blow it up.

The 403-foot (123-meter) rocket blasted off from Texas. SpaceX caught the first-stage booster back at the pad with giant mechanical arms, but engines on the spacecraft on top started shutting down as it streaked eastward for what was supposed to be a controlled entry over the Indian Ocean. Contact was lost less than 10 minutes into the flight as the spacecraft reached nearly 90 miles in altitude before entering an out-of-control spin.

SpaceX said it made several improvements to the spacecraft following the accident, and the Federal Aviation Administration recently cleared Starship once more for launch.

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Greg Guenthner:

Buy the Blood

Moments like this – when everyone else is hitting the sell button in a panic – are exactly when the biggest trading opportunities appear. Traders call this moment “the flush.” Stocks plummet, sentiment collapses, and investors throw logic right out the window. 

Right now, we’re staring directly at one of these moments. And if you know what to look for, you can turn other people’s panic into your next big win.

One of the first things to look for ahead of a flush is sentiment indicators hitting extreme levels. Currently, investors are acting like we're in the midst of a massive crash, while the averages are in what should be considered a normal corrective wave interrupting a larger bull market.

Big rallies often form below these “breakdown” levels once the sellers are exhausted. Of course, there’s no guarantee the market completely recovers all the way back to its previous highs. But even in a relief rally, there are gains to be made on the sharp move higher.

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Greg Guenthner and Enrique Abeyta:

Top Trades of March

We're coming to you with another jam-packed edition of Top Trades! This week, expert trader Greg Guenthner and our chief strategist Enrique Abeyta have plenty to talk about!

The post-election gains are gone, we've seen some crypto shenanigans from the administration, and Nvidia isn't playing nice. In fact, NVDA is down $1 trillion since Enrique's December call that the stock was about to take exactly this kind of hit. What's going on?

Enrique says the market is being driven by macroeconomics. On top of that, he argues Trump is trying to get Mexico and Canada to join America in a new 30% on China. Once Trump succeeds there, he will drop many of the tariffs on Mexico and Canada.

But what does Trump's tariff endgame mean for the markets and investors? Check out this week's Top Trades to get Greg and Enrique's full analysis.

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