🚀 Powell Safe, Tariffs Easing — Markets Rip for Third Day

📈 Tech Roars, Trump Backpedals, and Powell Survives the Week

📊 Market Snapshot:

S&P 500: 🔺 +2.03%
Nasdaq: 🔺 +2.74%
Dow Jones: 🔺 +1.23%
$SPY: 🔺 +2.10%
$QQQ: 🔺 +2.81%

🧠 What’s Moving the Market?

🔐 Powell Stays Put

Trump reassured markets by walking back his threats against Fed Chair Jerome Powell, stating he has "no intention" of firing him. After weeks of public attacks and speculation of political interference, this olive branch was enough to ignite bullish sentiment across Wall Street.

🏦 Rate Cut Hopes Back in Play

Cleveland Fed President Beth Hammack turned dovish, suggesting that a June rate cut is possible if economic data proves “clear and convincing.” The market interpreted this as a green light, piling into risk assets as rate-sensitive tech names surged.

🌐 Trade Tensions… Easing?

Trump hinted that China tariffs could fall from 145% to 50–65%, with the Financial Times reporting the White House is even considering auto tariff exemptions. But Treasury Secretary Scott Bessent quickly denied any formal offers had been made. The mixed messages created confusion — but bulls ran with the hope.

💻 Tech Leads the Charge

The "Magnificent Seven" tech giants extended their rally. $NVDA, $META, $AMZN, and $TSLA saw strong bids. $NFLX hit new all-time highs, while $GOOG and $INTC prepared to report earnings after the bell.