Some good news - United States lifts curbs on chip software exports to China, in a possible sign of an incoming trade agreement.
https://www.cnbc.com/2025/07/03/us-lifts-ch...
S&P 500
SPY
trading on ARCX
since 1993
$624.59
(Δ 0.05%)
+$0.33 since open
The SPY ETF, or SPDR S&P 500 ETF Trust, is a highly liquid exchange-traded fund designed to precisely track the performance of the S&P 500 index, offering broad exposure to 500 of the largest publicly traded U.S. companies. As a unit investment trust (UIT), it holds the underlying stocks in the same weighting as the index, providing cost-efficient and widely utilized access for both long-term investors and active traders.
| type | open | high | low | volume |
|---|---|---|---|---|
| etf | $623.74 | $624.73 | $618.05 | 88.99M |
Welcome Datadog to the S&P 500!
https://tickerfeed.net/symbols/DDOG
Trump claims he is not planning to extend a pause on Global Tariffs beyond July 9th. Time to find out of TACO Trump can actually make good on his threats.
https://www.usnews.com/news/business/articl...
Over 1,000 new millionaires were created in the United States _each day_ in 2024. Much of which coming from the highly performing markets.
https://www.cnbc.com/2025/06/19/united-stat...
A new survey from AlixPartners shows most retail executives expect TACO Trump to walk back his plan for reciprocal tariffs.
https://www.cnbc.com/2025/06/12/trump-trade...
This would explain why the stock market is generally performing well despite the potential ramifications of the implied tariffs. Nobody believes Trump is actually going to keep his word about his own tariff policy.
President Trump calls for the Federal Reserve to cut interest rates by "one full percent".
https://srnnews.com/trump-says-fed-should-l...
He still seems confused by separation of the Federal Reserve.
https://www.cnbc.com/2025/06/05/trump-held-...
Another day, another back and forth in the tariff cycle. Now we're scheduling phone calls to talk with China again. Only a matter of time to announce another deal, fail to meet the deal, raise tariffs, and repeat. Just 3 1/2 more years of this to go...
Stifel Bannister predicting S&P 500 corrects to 5,250 no later than Q3 2025.
- The rally since April 7th has been led by Big Tech but is expected to decline due to slowing consumption, trade policy uncertainty, and reduced capital spending.
- Expected EPS growth to slow to 3.3% YoY by December, reaching $262.50 by 2026.
So yeah, calls it is.
So what you're saying is expect a new ATH within a few months.
China accuses US of violating their recent trade deal, by unilaterally introducing new discriminatory restrictions, including new guidelines on AI chip export controls, curbs on chip design software sales to China and the revocation of Chinese student visas.
https://finance.yahoo.com/news/china-accuse...
That took all of maybe a week for Trump to ruin his own bargaining? Too much winning, indeed...
Court of International Trade just overturned emergency tariffs
https://www.courtlistener.com/docket/698889...
In accordance with the court’s opinion of this date, it is hereby ORDERED that Executive Order 14193, Imposing Duties To Address the Flow of Illicit Drugs Across Our Northern Border, 90 Fed. Reg. 9113 (Feb. 1, 2025); Executive Order 14194, Imposing Duties To Address the Situation at Our Southern Border, 90 Fed. Reg. 9117 (Feb. 1, 2025); Executive Order 14195, Imposing Duties To Address the Synthetic Opioid Supply Chain in the People’s Republic of China, 90 Fed. Reg. 9121 (Feb. 1, 2025); Executive Order 14257, Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits, 90 Fed. Reg. 15041 (Apr. 2, 2025) (collectively, the “Challenged Tariff Orders”); and all modifications and amendments thereto; be, and hereby are, declared to be invalid as contrary to law; it is further ORDERED that the operation of the Challenged Tariff Orders and all modifications and amendments thereto be, and hereby is, permanently enjoined; it is further ORDERED that within 10 calendar days necessary administrative orders to effectuate the permanent injunction shall issue; and it is further ORDERED that each party shall bear its own costs.
Jamie Dimon explains the unintelligent investor ... "extraordinary amount of complacency."
Meanwhile, TSLA is up 6% on news sales are down over 40% in Europe.
https://www.cnn.com/2025/05/19/business/jam...
Fun fact: before holidays like Memorial Day, the stock market has often seen a tendency to perform better in the trading days leading up to the closure. Afterwords, levels return to where they ought to be, assuming no other outstanding news during the closure.
What I'm saying is ... enjoy that BBQ tomorrow because Tuesday you're gonna be puking it up on the wild ride in store for us.