š Stocks Bounce Back as Trade Hope Lifts Wall Street
Are we back in business ā or is this just a dead cat bounce? š Sound off in the comments ā and send this to your market squad.
š Todayās Scoreboard
S&P 500: šŗ +2.51%
Dow Jones: šŗ +2.66% (+1,000 pts!)
Nasdaq: šŗ +2.71%
Gold: š¢ Hits another record before fading late
Bitcoin: š Nears $91K ā acting like a true hedge
10Y Yield: š Hovers at 4.4%
š„ What Moved the Market
Markets ripped higher Tuesday after Mondayās Powell-Trump fallout sparked a brutal selloff.
But then came whispers of trade de-escalation ā and Wall Street inhaled the hopium.
š¢ Treasury Sec. Scott Bessent reportedly told JPM investors that the tariff standoff with China is āunsustainableā and expects progress. Stocks soared.
Then⦠he walked it back. Said formal talks havenāt even started and called it a āslog.ā Still, the bounce stuck.
"This is a hope rally, not a conviction rally. Watch what Tesla says tonight." ā Wall St. trader via Yahoo Finance
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