2025-06-27 22:19
publication
2025-06-27 22:19
We waited almost four months for a new record performed by S&PC. And finally we lived to see. The market went up despite poor data from the economy and tightening the customs dispute with Canada.
There is no doubt now. The bull market is underway on Wall Street, as evidenced by new records of all time performed by the main indexes. The S&PC after an increase of 0.52% reached a height of 6,173.07 points and thus after four months he broke the record at the end of February. Nasdaq increased by 0.52% and at the closure of Friday's quotations reached 20,273.46 points. Therefore, the summit from December 2024 was pierced.
Without a new record, the industrial average of Dow Jones remained, which finished with a score of 43,819.27 points. after an increase by 1.00%. Here, the double peaks from December and January are still in force located at the height of over 45,000 points.
– I am surprised considering the uncertainty that we are currently dealing with in the world. However, one can put the thesis that this uncertainty is decreasing and that people are more optimistic about the future – said Peter Tuz, the head of Chase Investment Counsel quoted by the Reuters agency.
Even bad news from the President of Trump's trading front did not stop at Wall Street. The White House host was again angry with Canada and announced a break of commercial negotiations with this country. The pretext was the non -mockery of ottawa from the plans of tax on digital services. So you can see what hurts the US authorities the most and you can now hit American interests.
It is worth noting that on Friday the American stock market went up regardless of the disturbingly weak report on the income and expenses of Americans. The first ones in May decreased by as much as 0.4% MDM and the second by 0.1% MDM. In both cases, the market consensus assumed an increase, respectively by 0.3% MDM and 0.1% MDM. Especially in the case of income dynamics, the difference is amazingly large.
But even worse is that Unexpectedly, the base deflator of consumer expenditure (PCE Core) has increased.
The annual dynamics of this price inflation meter preferred by the federal reserve rose from 2.6% to 2.7% (2.6% RDR was expected). And this is still far above the 2 % target of the fed. In such a situation, it is difficult to expect FOMC to decide to resume the interest rate reduction cycle in July. And in recent days the chances of such a move have increased slightly. Now the term market is estimated at less than 20% – according to the Fedwatch Tool calculations. At least the 25-point reduction of federal funds rate with over 90 % probability is valued for September.
Among the largest companies, the NVIDIA rasing by 1.8% of the number, which thus established the new historical maximum. The AI bull market leader is already worth almost $ 3.85 trillion. NVIDIA was again overtaken by Microsoft, which fell to the second place with capitalization approaching 3.69 trillion USD. Actions of the fourth on this list (USD 2.37 trillion) Amazon increased by 2.85%on Friday. Add to this +2.9% on Alphabet and we have the resumption of AI bullshit in all its glory.
KK
