The S&P 500 is above 6000 for the first time since February.
I think there are economic risks out there but the price action right now is telling. There is a strong inclination to buy the dip and a belief in a Trump put. Call it at TACO trade or a belief that trade deals will come but it's bullish.
Today's data dimmed the odds of a Fed rate cut in the near and medium-term but it didn't hurt stock markets at all.
In addition, you have impressive technicals here. The slump yesterday was instantly bought and we're now above the May highs with a clear target at the February high of 6147.
A big risk I see is the US budget bill falling apart or Trump re-instating tariffs but hope reigns supreme at the moment.
This article was written by Adam Button at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( S&P 500 rises to the best levels since February )
Also on site :
- Today’s NYT ‘Strands’ Hints, Spangram and Answers for Saturday, June 7
- Pop Icon Looks Unrecognizable After Ditching '80s Glam in Makeup-Free Selfie
- Taylor Swift and Travis Kelce Dance At Surprising Backyard Wedding Appearance