https://www.wsj.com/finance/stocks/historic-rebound-sends-s-p-500-to-new-highs-44775c62?st=JTwkWS&reflink=desktopwebshare_permalink

S&P 500 is on pace to close at a record today. Any thoughts from the gallery?

The over/under for an orange man bad reply is 6 minutes. I'm taking the under.

tariffs...

Wall Street is awaiting more news on Mr. Trump's tariffs, with a 90-day pause on his so-called reciprocal tariffs slated to end on July 9. And Federal Reserve Chair Jerome Powell warned last week that tariffs are likely to drive up inflation later this year, slowing economic growth.

https://www.cbsnews.com/news/s-p-500-market-rebound-near-record-high/

24 minutes ago, Crnr2Crnr said:

tariffs...

Speaking of tariffs

12 minutes ago, Crnr2Crnr said:

Wall Street is awaiting more news on Mr. Trump's tariffs, with a 90-day pause on his so-called reciprocal tariffs slated to end on July 9. And Federal Reserve Chair Jerome Powell warned last week that tariffs are likely to drive up inflation later this year, slowing economic growth.

https://www.cbsnews.com/news/s-p-500-market-rebound-near-record-high/

They've been wrongly predicting that for how long now??

Just now, krom said:

They've been wrongly predicting that for how long now??

guess we'll see on July 9th...

change from 2/6 to 6/27 if you ignore the Tariff shockwave that sent markets spiraling down in the middle there...

46 minutes ago, Crnr2Crnr said:

change from 2/6 to 6/27 if you ignore the Tariff shockwave that sent markets spiraling down in the middle there...

Up 5% in 4 months.

Isn't 5% around the average long term annual gain?

Edited June 27, 2025Jun 27 by krom

if selecting the NASDAQ off a 5yr average it's about 21% annually... not a big difference from the December highs to now though really.

Challenges ahead

Still, stocks face several challenges in the coming weeks and months ahead.

If Congress reaches a stalemate in the domestic policy bill, which includes a provision to raise the debt ceiling, America could once again come close to defaulting on its debt because it is unable to borrow enough money to pay back its creditors. And if few (or no) more trade deals are forthcoming, tariffs could rise again as soon as July 9 as the 90-day reciprocal tariff pause expires.

The prospect of war breaking out in the Middle East remains a concern after a fragile truce between Israel and Iran was reached this week. And existing tariffs threaten to raise prices in the coming months, which could hurt economic growth.

Stocks face less existential threats, as well. Valuations are surging well above earnings expectations. The S&P 500’s price-to-earnings ratio has surged past 23, a relatively high number that means stocks have become quite expensive compared to their profit expectations.

So, markets may be celebrating at 4 p.m. ET today. But it’s not clear how long the party will last.

https://www.cnn.com/2025/06/27/investing/stock-market-record-dow-sandp

Jesus dude, just stop. You really look like a fool when your predictions go bad on the same day

Hey, the economy is still chugging along without the liberation day tariffs. Who would have thought.

8 hours ago, akvanden said:

Hey, the economy is still chugging along without the liberation day tariffs. Who would have thought.

... And yet the country is raking in billions already from Tariffs....hmmmm 🤔

Edited June 28, 2025Jun 28 by ViperGTS/Z1

Nothing like a v-shaped recovery on steroids.

Wow !

I've had to start burning money to make room for more.

This just has to stop....

So who's the fool's that buy in when the market and stocks are high? Isn't the objective to buy low and sell high.

Cunt2cunt makes poor decisions yet its the fault of Trump and the right lmao

Consumer confidence V

2 hours ago, ViperGTS/Z1 said:

... And yet the country is raking in billions already from Tariffs....hmmmm 🤔

Taxes raise revenue? No way! 🙄

You've seen an increase in taxes?..... that's weird, I haven't. What are you being taxed on additionally?.. there's really been no inflation to speak of too the surprise of many economists.

I expect there will be some after July 9th but I'm not fretting about it.

Edited June 28, 2025Jun 28 by ViperGTS/Z1

31 minutes ago, akvanden said:

Taxes raise revenue? No way! 🙄

.... Shit...I'm getting as bad as deep ...forgot to quote you. ^^^^

45 minutes ago, ViperGTS/Z1 said:

You've seen an increase in taxes?..... that's weird, I haven't. What are you being taxed on additionally?.. there's really been no inflation to speak of too the surprise of many economists.

I expect there will be some after July 9th but I'm not fretting about it.

The revenue doesn’t come from thin air. Just because I didn’t notice a sales tax increase for when US Bank Stadium built doesn’t mean people didn’t pay it.

You are talking to someone with a sub 70 iq....

7 hours ago, akvanden said:

The revenue doesn’t come from thin air. Just because I didn’t notice a sales tax increase for when US Bank Stadium built doesn’t mean people didn’t pay it.

Oh yes we did…

3 minutes ago, Deephaven said:

You are talking to someone with a sub 70 iq....

Trump has outsmarted"economists"....and has definitely outsmarted your dumbass 😂