The SP500 has traded above its upper Bollinger Band for the past 8 days.
The last time it did that was in July 2024 and then $SPY promptly corrected by 10%. Source: Barchart
Handy tariff "state of play" sheet from BBG.
Source: Neil Sethi @neilksethi
BREAKING: Coffee
Coffee falls to its lowest price since November Enjoy your ☕☕☕ Source: Barchart
The world's biggest tourism economies last year.
Source: Civixplorer
As the threat of recession has waned, as illustrated by the lower betting odds of recession, stocks have rallied to new highs.
At the early April stock lows, the massive US tariffs announced on Liberation Day sent the betting odds of recession soaring to 65%. As the tariff threat eased and some progress was made on trade agreements, stocks have recovered sharply. The resiliency of the labor market and an expected economic boost from the tax cuts in the "Big Beautiful Bill" helped push the probability of an economic downturn closer to the lows of the year. Source: Barron's
Stocks as a share of household assets
Source: zerohedge @zerohedge
Here are a nicely written summary on Elon's "America party"
Source: Mario Nawfal on X
We have not seen anything yet, and it won’t be only tech jobs.
Source: Michel A.Arouet
