Trump again pushes for rate cuts
There we are at 6,000 points again! The S&P is climbing above this psychological barrier with Trump pushing again on Powell to cut rates, a whole percentage point! That will no happen imo, since the Fed does not have any pressure. Labor market still stable and the inflation topic not yet off the table. BUT, it gives investors hope that we might see some bits of rate cuts this year.
Whatever guys, the tariff war correction is over imo, S&P heading for ATH. On the chart we can clearly see a V-shaped recovery from Aprils‘ sell off and that means strong momentum. Like we saw after the Covid Crash in 2020.
Enjoy your weekend and stay invested!