Liberation Day Comeback

By A.I.

SPONSOR: http://www.CertifiedMedicalPlanner.org

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The S&P 500 closed within a hair of a new record yesterday marking an enormous comeback that followed the April announcement of “Liberation Day” tariffs.

Despite a persistent vibe of uncertainty related to US economic policy and geopolitics:

  • The S&P 500 closed less than 0.1% away from a record high which it notched in February before cratering nearly 20% in April. The index has regained ground in fits and starts since then and briefly surpassed its record in intra-day trading yesterday.
  • On Monday, the tech-heavy NASDAQ 100 one-upped the broader market and logged its highest-ever close. It came after President Trump said Israel and Iran agreed to a ceasefire, which eased investors’ concerns about a potential oil crisis.

According to Morning Brew, between unresolved geopolitical conflicts and President Trump’s still-unfolding tariff policies, a portfolio manager with Capital Wealth Planning, Kevin Simpson, told CNBC that he was “surprised by the magnitude of the rebound.”

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Stocks, Economics & Commodities

By AI

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  • Stocks: The S&P 500 and NASDAQ started the day inches away from their all-time highs, but the market rally faltered in mid-afternoon as relief from an Israel/Iran ceasefire faded and investors turned their attention to Friday’s PCE report.
  • Economy: Speaking of inflation, Jerome Powell stuck to his guns during his second day of congressional testimony, endorsing a wait-and-see mentality. President Trump is apparently tired of waiting, and says he has “3 or 4” candidates in mind to replace Powell.
  • Commodities: Oil bounced back after posting its biggest two-day decline since 2022.

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MONEY and the Stock Markets

By A.I.

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As economist Jason Furman pointed out, 250 years ago the Continental Congress created a brand-new currency and authorized the printing of $2 million worth to help George Washington pay his soldiers and procure weapons and supplies for the war effort.

Markets: Until now, Wall Street has mostly shrugged off the Israel–Iran conflict in the Middle East, with the S&P 500 and NASDAQ closing just a hair lower for the week on Friday. But, investors’ thinking might—or might not—change this coming week, after the US entered the war on Saturday with strikes on key Iranian nuclear infrastructure.

And, eyes are on oil prices, which, due to the war, are having their most volatile stretch since Russia invaded Ukraine in 2022.

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Stocks, Economy and Commodities

By AI

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  • Stocks: Investors looked past the escalating conflict between Iran and Israel, even as President Trump mulled his options for a US intervention, and stocks rose ahead of today’s Federal Reserve meeting.
  • Economy: Trump called Jerome Powell “a stupid person” hours before the Fed Chair decided to keep interest rates where they were Stocks fell thanks to the Fed’s prediction that inflation will rise to 3.1% by the end of the year, above previous forecasts of 2.8%.
  • Commodities: Gold fell just a hair as analysts called the commodity’s top, while platinum climbed to a four-year high.

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Stocks, Commodities and Crypto-Currency

By AI

BREAKING NEWS

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Stock Markets Up Slightly, Recession Still Possible as Oil Tumbles

By Staff Reporters

SPONSOR: http://www.MarcinkoAssociates.com

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  • Markets started the day down yesterday but regained lost ground throughout the afternoon as investors decided that any day with no new tariff announcements is a good day.
  • Be advised: Fed Chair Jerome Powell warned that “supply shocks” pose a challenge for the economy, and that interest rates may need to remain higher for longer. Meanwhile, JPMorgan Chase CEO Jamie Dimon said a recession is still on the table.
  • Oil took a tumble on comments by President Trump that the US is nearing a deal with Iran over its nuclear program that could lift sanctions against the country.

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EDUCATION: Books

SPEAKING: Dr. Marcinko will be speaking and lecturing, signing and opining, teaching and preaching, storming and performing at many locations throughout the USA this year! His tour of witty and serious pontifications may be scheduled on a planned or ad-hoc basis; for public or private meetings and gatherings; formally, informally, or over lunch or dinner. All medical societies, financial advisory firms or Broker-Dealers are encouraged to submit a RFP for speaking engagements: MarcinkoAdvisors@outlook.com 

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