🌐 Market Recap: Consolidation Amid Mixed Signals
Markets traded sideways last week, offering investors a moment of reprieve after the recent turbulence. Despite attempts at rallying midweek, the S&P 500 (-0.4%), Dow (-0.1%), and NASDAQ (-0.3%) all closed marginally lower, with the S&P still 8% below its February highs.
Trade Developments: Market sentiment was buoyed midweek as the U.S., U.K., and China announced frameworks to de-escalate tariffs.
Fed on Hold: The Fed’s neutral stance and Powell’s non-committal tone underscore a data-dependent path forward.
Crude Oil: Volatile, but ended higher (+4.8% W/W) on hopes for improved trade flows.
Earnings Resilience: Q1 earnings expected to rise 13.4%, reflecting continued corporate strength despite macro headwinds.
Gold & Bitcoin Surge: Gold rallied back (+3.2%, now +26% YTD), while Bitcoin reclaimed $100K (+6% weekly), reflecting investor caution and search for alternatives amid uncertainty.
Keep reading with a 7-day free trial
Subscribe to Market Watching the Moon to keep reading this post and get 7 days of free access to the full post archives.