Market relief came from multiple directions today, with stocks continuing to climb despite the chaos and uncertainty of the global trade situation. The Bureau of Labor Statistics dropped a positive jobs report showing hiring remains robust and China is making signals they're open to dealing on trade.
US stocks tallied a second week of gains, with the S&P 500 hitting its longest winning streak in over 20 years. Markets have now erased all of last month's losses.
One analyst from Carmignac Paris said: We may have reached peak policy uncertainty. There are talks ongoing, and Trump seems to have watered down some of his policies. If you add in that the earnings season has been fairly positive, the overall backdrop isn't that bad.
S&P is still down 6% since Trump started in January, and the damage from three months of tariff turbulence is about to start hitting US consumers hard.
Are we through the worst of the tariff chaos, or is this just a temporary reprieve before the consumer impact sets in? Is the trust back in the US market? How are you positioning your investments right now?