🗓WEEKLY MARKET REVIEW
🔹Wednesday: $CSCO $CRWV $SONY $TCEHY Earnings
🔹Thursday: PPI Inflation, Retail Sales, Jobless Claims, NY Mfg. Survey, Philly Mfg. Survey; Fed’s Powell Speech; $WMT $BABA $DE Earnings
🔹Friday: Consumer Sentiment, Inflation Expectations
- U.S. stock index futures were flat on Wednesday, following a strong start to the week when a soft inflation reading and a U.S.-China trade truce lifted sentiment, with focus now on more developments around more trade deals.
- Stocks on Wall Street have been on the rise since Washington and Beijing agreed over the weekend to dial back stringent reciprocal tariffs, signaling a joint effort to stave off a global economic slowdown📈
- The U.S. will temporarily lower the extra tariffs it imposed on Chinese imports to 30% from 145% for three months, while Chinese duties on U.S. imports will fall to 10% from 125% in the same period📈
- As of Tuesday's close, the S&P 500 (.SPX), has turned positive on a year-to-date basis for the first time since late February, though still remains more than 4% away from its record highs hit earlier this year📈
- Both the S&P 500 and the Nasdaq (.IXIC), have rebounded to levels seen before April 2 - when President Donald Trump announced his "Liberation Day" reciprocal tariffs on most trading partners.
- A 90-day pause announced on April 9 for countries other than China, along with solid earnings reports and a limited U.S.-UK trade agreement last week, helped the benchmarks regain lost ground📈
Also, be aware of volatility driven by news.
Sometimes, the biggest moves come out of nowhere always manage your risk!
