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People are starting to say that looking back may be the S&P 500 bottom on Monday, March 30th, when it hits 6-316.

Oh, that was the low.

And lots of people are saying it's time to call the bottom right here right now.

And you know what?

It's certainly possible.

But what I want to do is walk you through what caused that low so that if we're ready,

if we get another big decline, right, As the war against Iran could escalate, I need you to know what to do. Notice I said if, because it's very hard to call a bottom in a market where the variables of the plans of the President Trump and who's never running Iran today. We can certainly set the stage of what happened at the lows last week, though,

so you'll be ready, even as this now feels like a very different market today, with the Dow gaining another 165, the S&B advancing 0.44, and the NASDAQ rising 0.54%. First, you have to

recognize no matter what you heard today that the supposed bottom last week

was not caused by anything related to stocks themselves.

The bottom was caused by interest rates.

Specifically, on Friday, March 27th, the 10-year treasury hit an eight-month high of 4.482,

and that was really scary to people.

But last Monday, rates dropped, and they dropped very hard to around 4.3%.

That's a big percentage move. That happened despite the fact that oil actually went higher that

day. The first time we saw the divergence in this terrible stretch, oil

up and rates down, that was the shock that caused the bottom. What happened that day to make that

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