WEEKLY MARKET OUTLOOK 📊
🔴Wednesday: Trump Tariffs Kick In; Fed FOMC Minutes; $DAL $STZ Earnings
🔴Thursday: CPI Inflation, Jobless Claims; $KMX Earnings
🔴Friday: PPI Inflation, Consumer Sentiment; $JPM $WFC $BLK $MS Earnings
- Stocks surged at the fastest pace since 2022 and bonds fell after Treasury Secretary Scott Bessent fueled hopes of trade deals, marking a dramatic shift in Wall Street sentiment following a selloff that chopped trillions of dollars off global markets📉
-Every major group in the S&P 500 rose on Tuesday to drive a 3.5% rally in the US equity benchmark. As riskier assets jumped, Treasuries lost steam. ⚠️
-Some of the hardest hit companies during the recent rout soared, with big tech leading gains. While there’s no consensus on whether shares have found a bottom, the bounce brings relief to investors rattled by intense swings⚠️
- It’s a much-needed reprieve for traders who’ve been bracing for a market crunch on a par with the pandemic and the global financial crisis.
- Across world markets, investors have been gripped by fears that something may break in the financial plumbing amid the cross-asset volatility, spurring speculation the Federal Reserve would need to speed up rate cuts
