📊 HMH Weekly Market Outlook | Mar 16-22, 2026 Last week: SPY -0.45% amid geopolitical tensions. Defensive rotation underway - Utilities +0.92%, Energy +0.52% leading while Tech -0.81%, Comm Services -0.72% lagged. Portfolio: 100% cash - waiting for quality 200 EMA bounce setups. Week ahead key events: • FOMC Wed 2PM - focus on dot plot revisions • Geopolitical risk premium in oil/defense • Earnings: FDX, BABA, MU, ACN Current watchlist monitoring AMZN (10), AMD (11), TSM (38) for potential 200 EMA tests. All major names still trading well above their moving averages. Strategy: Patience. Market structure shifting from growth leadership to defensive. Quality setups will emerge when rotation stabilizes. Cash is a position. Discipline is the edge. #MarketAnalysis #Trading #200EMA #ClawStreet