https://www.theepochtimes.com/...iGL3wCpnFly6mZ9BQ%3D

The Dow Jones Industrial Average, a blue-chip index, also registered gains.

Wall Street has registered a remarkable rebound from the April selloff as the Nasdaq Composite Index and S&P 500 reached a record high at the opening bell.

The tech-heavy Nasdaq rose by about 72 points, or 0.3 percent, to above 20,200. The index is poised for a weekly gain of about 4 percent and is up nearly 5 percent this year.

The broader S&P 500 added 20 points, or about 0.3 percent, to above 6,160. The index is also on track for a weekly boost of approximately 3 percent, lifting its year-to-date increase to above 4 percent.

The blue-chip Dow Jones Industrial Average surged by more than 200 points, or 0.5 percent, to 43,600. Although it has not yet returned to its all-time high, the Dow Jones has experienced an exceptional turnaround, rising by approximately 5 percent over the past three months. This year, the Dow is up by around 2.5 percent.

Investors cheered President Donald Trump and other White House officials’ revelation that a U.S.–China trade agreement had been finalized, and that the administration is expected to announce deals with 10 major trading partners.

Financial markets shrugged off an uptick in the Federal Reserve’s preferred inflation measure.

Inflation in the May personal consumption expenditures (PCE) price index rose to 2.3 percent from 2.2 percent in April. Core PCE inflation, which removes the volatile energy and food categories, climbed to a higher-than-expected 2.7 percent.

quote:

Investors cheered President Donald Trump and other White House officials’ revelation that a U.S.–China trade agreement had been finalized, and that the administration is expected to announce deals with 10 major trading partners.

Good news!

Most of my accounts are up around 9%, YTD
How is your 401k doing?
https://sigforum.com/eve/forum...200099315#7200099315

Those assholes in DC need to pas the BBB, hopefully without S.A.L.T deductions


I'll be a gazillionair in three years

https://www.breitbart.com/econ...tm_campaign=20250627

Golden Age: Stocks Soar To Record Highs as Inflation Stays Cool, Trump Forges Middle East Peace, and Tax Deal Gains Steam

U.S. stocks climbed to new all-time highs Friday as investors reacted to a trifecta of favorable developments: inflation continuing to cool despite tariffs, the end of the Iran-Israel war, and growing signs that President Trump’s tax legislation is advancing in Congress.

The S&P 500 rose 0.52 percent to finish at a record 6,173.07. The Nasdaq Composite and Dow Jones Industrial Average also closed at historic highs, powered by gains in technology, energy, and industrial shares. Markets briefly dipped midday after Trump announced an end to trade talks with Canada but recovered quickly to finish the day firmly in positive territory.

The rally comes as new data showed inflation remains moderate even after the imposition of widespread tariffs. The core personal consumption expenditures index, the Federal Reserve’s preferred measure of underlying inflation, rose 0.2 percent in May. On a 12-month basis, core prices were up 2.7 percent, while the headline rate ticked up to 2.3 percent.

Consumer inflation expectations also declined notably. A widely followed sentiment survey showed the expected one-year inflation rate falling to 5 percent, down from 6.6 percent a month earlier.

The figures have strengthened market expectations that the Fed could resume cutting interest rates as soon as this fall. According to CME Group data, traders are now pricing in increasing odds of a September cut, with further easing expected by year-end. President Trump has repeatedly called for lower interest rates, arguing that tariffs would not push inflation higher—a view bolstered by the latest data.

Adding to the bullish mood this week was the announcement that the war between Israel and Iran is officially over, following a U.S.-brokered peace agreement. The resolution of hostilities removes a major source of geopolitical risk that had weighed on energy markets and investor sentiment earlier this year. Oil prices fell sharply on the news, with Brent crude slipping below $70 a barrel.

Meanwhile, developments in Washington suggested that the Trump administration’s fiscal agenda is regaining momentum. Treasury officials indicated Friday that the proposed “revenge tax”—a retaliatory provision aimed at countries implementing the OECD’s global minimum tax—will be removed from the bill. The change follows G-7 concessions allowing U.S. firms to be exempted from the international pact, clearing a major hurdle to legislative passage.

The broader tax package includes expanded deductions for capital investment and a simplified corporate tax code—provisions that have drawn support from business groups and many Republican lawmakers.

Markets showed little lasting concern over Trump’s announcement that trade negotiations with Canada had ended. While the news briefly unsettled investors, major indexes quickly rebounded, suggesting that traders are discounting the economic impact of the breakdown or anticipating a resumption of talks under different terms.

With inflation cooling, war concluded, and a tax bill advancing, investors appear increasingly optimistic about the second half of the year. Despite lingering concerns over equity valuations and earnings growth, the prevailing sentiment Friday was that key risks are receding—and that monetary and fiscal policy may soon turn more supportive.

It was a great quarter...

Futures Drop As Trade, Bill Concerns, Trump-Musk Feud Returns

US equity futures - which closed at a fresh all time high after the best quarter since 2023 put them in extremely overbought territory - are weaker, dragged by Tech as TSLA is -5% pre-mkt on Musk vs Trump part 2.

Until this morning, stock bulls had seized control of a market that was rattled by Trump’s trade overhaul, a war in the Middle East and persistent uncertainty over growth and inflation. Yet unpredictability persists, with US trade talks racing toward a July 9 deadline and Trump pushing to finalize a budget that’s projected to add more than $3 trillion to the US deficit over the next decade.

“We’ve had a strong quarter, but there’s still too much on the table,” said Haris Khurshid, chief investment officer at Karobaar Capital. “If the trade talks drag or the tax bill stalls, we’ll see how much conviction these bulls really have.”

https://www.zerohedge.com/mark...mp-musk-feud-returns

I don't get the Musk feud, he's not a very likeable guy

Just think back to the headlines with the tariff talks? It’s just about a 180, don’t get caught up in hysteria.

[typical democrat with TDS] It's all Trump's fault - we need to stop this from happening and reverse it!! [/typical democrat with TDS]

quote:

Originally posted by chellim1:
It was a great quarter...

Yep.

I feel bad for those who panicked in March/April and pulled out...

Gotta set emotion aside, ignore the short term voilatility and focus on the long run.

I have two different friends who were freaking out in April. I told both that viewed the pullback as a temporary reaction and that it would nothing more than a bad memory a year from now.
One of them has a pretty bad case of TDS so I can only hope he didn't do anything rash. He's also diversified with a pretty big rental real estate portfolio.

Anybody who freaked in April and pulled out of the market is a straight up idiot. I put more new money into the S&P 500 on April 7 and as of today, it's up over 22 percent. It was the easiest bet I ever made in my life. Thank you again President Trump!

New record today with news of job market; I expect will go higher after passage of OBBB.

Same here. Can't believe what the markets have done in the past few months.

...Every time I read the title, it tells me 'S&W 500' and I think I'll need another revolver.

Guessing that is the Standard and I'm going towards Poor.

quote:

Originally posted by sjtill:
New record today with news of job market; I expect will go higher after passage of OBBB.

Yes, I think next week is going to be a hell of a ride!

quote:

Originally posted by bigwagon:
Anybody who freaked in April and pulled out of the market is a straight up idiot. I put more new money into the S&P 500 on April 7 and as of today, it's up over 22 percent. It was the easiest bet I ever made in my life. Thank you again President Trump!

We were on a cruise ship off the coast of Africa when all that was happening. There was no way I was going to use public wifi to access my brokerage account. I've been keeping a lot of ready cash on hand for such opportunities, and was so bummed at the timing.

But, meanwhile, the year has been stellar for us.

Have a plan, execute the plan. Ignore the daily market fluctuations.

https://www.newsmax.com/financ...dkt_nbr=010102hwpg9n

Investors Eye Tariff Deadline as US Stocks Rally

Investors will be keeping a close eye on tariff headlines out of Washington next week, as a temporary suspension of punitive import levies is set to expire.

If that Wednesday deadline passes without an increase in trade tensions, it could prove positive for the markets. Negotiators from more than a dozen major U.S. trading partners are rushing to reach agreements with U.S. President Donald Trump's administration by July 9 to avoid even higher tariffs, and Trump and his team have kept up the pressure in recent days.

On Wednesday, Trump announced a deal with Vietnam that he says will impose a lower-than-promised 20% tariff on many Vietnamese exports. While the administration has teased a forthcoming deal with India, talks with Japan, the sixth-largest U.S. trading partner and closest ally in Asia, appeared to hit roadblocks.

Investors have shifted from panicking about tariffs to relief buying, recently lifting the U.S. stock market back to record highs, with corporate earnings and the U.S. economy holding up better than many had expected through a period of dramatic policy change.

The S&P 500 has risen about 26% from April 8, when stocks bottomed following Trump's draconian April 2 tariff announcement.

But much of the rally has been driven by retail market participants and corporate share buybacks, even as institutional investors have been more reticent.

Despite the S&P 500 making new highs, equity positioning is far below February levels as investors remain underweight stocks, according to Deutsche Bank estimates.

"This has definitely been a junkier rally, a more speculative rally," Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management.

"In the last week or so, it's been driven a lot more, I think, by retail than it has been by institutions. Institutional positioning is really just average," she said. While many factors are keeping investors cautious, including worries about U.S. economic growth and lofty stock market valuations, getting past the tariff deadline without a major escalation in tensions would be one less thing to worry about in the near term, analysts said.

"I think that there may be some threats and saber-rattling, but I don't really think that any of that now poses a major danger to the market," said Irene Tunkel, chief U.S. equities strategist, BCA Research.

Still, investors don't expect the tariff deadline to put an end to trade tensions for good.

"I don't view it necessarily as a hard deadline," said Julian McManus, portfolio manager at Janus Henderson Investors.

"The 90-day pause itself was instituted because the markets were falling apart, and I think policymakers needed breathing room and time to try and negotiate these deals or find some kind of off ramp," he said.

Investors' cautious approach to boosting equity exposure now is reminiscent of their behavior immediately after the pandemic market drop of March 2020, when allocations to stocks recovered more slowly than major market indexes, Deutsche Bank strategist Parag Thatte, said.

"It does mean that there is room for exposures to keep rising, which is a positive for equities all else equal," Thatte said.

After a roller-coaster first half, the S&P 500 is entering a historically strong period. Over the past 20 years, July has been the strongest month for the benchmark index with an average return of 2.5%, according to a Reuters analysis of LSEG data. Investors will also be keeping an eye on economic data - especially inflation numbers - and second quarter results in coming weeks for clues to the health of the U.S. economy, and the Federal Reserve interest rate outlook.

"We're right at the point where institutions are going to have to decide one way or the other, do they believe the rally or not," Morgan Stanley's Shalett said.

quote:

"We're right at the point where institutions are going to have to decide one way or the other, do they believe the rally or not," Morgan Stanley's Shalett said.

Usually... it's small investors who are late to the party. Could be the other way around...

Being that Reuters contributed to that story, I take it with a grain of salt.