I’m surprised by market movements, and there seems to be a lot of noise.
I’m not in US, but based on some comments, situation in everyday life is worsening, small businesses closing down because of supply chain.
Trade war with China doesn’t seem to be deescalating, and many tariffs are still in place with other countries. And people seem to take the 90 day pause as the tariffs are erased.
Today it was announced that GDP looks bad. Yet, good earnings of Microsoft and Meta boost tech up by 5%.
I’m wondering what the current price and market reactions tell us right now. What is priced in and what is not? For me it seems like investors are rather optimistic compared to last month where rumours were dragging the market down massively (Nvidia to 85 for example).