- Despite considerable macrorales – including threatening tariffs and weak consumer expenditure – the brand remain alive, With the S&P 500, which reaches a record high of 6,173,07 and the futures continues to rise. Investors apparently expect either a tariff extension or the Federal Reserve installment cuts to support shares.
The S&P 500 set a new record on Friday and the S&P Futures rose by 0.37% this morning. This is interesting because there are clear macroeconomic risks on the horizon that seem to ignore investors – at least for the time being.
The most obvious unpredictable variable is the impending tariff period. President Trump gave the various trading partners of the United States until July 9 to achieve a contract with the White House, but the president admitted over the weekend that his government had not made any agreements with most countries. Instead, many of them simply receive a letter that sets a rate of at least 25%, he said.
According to Samuel Tombs and Oliver Allen from the Pantheon macroeconomics, the economic tariffs are already starting a burden on the economy: “The decline of 0.3% in the real expenditure of consumers in May and the large downward revision in the earlier months means that the expenditure is likely to be an annualized pace in the first half in the first half. Detachment on the labor market all indicates that expenses will continue to slow down in the third quarter, ”she wrote in a recently carried out research note.
Many investors seem to expect that with bad news, either Trump will come to her rescue by extending the tariff period or that the US Federal Reserve will reduce interest rates later a year. Both scenarios would be good for stocks.
“When we enter the second half of the year, a strange calm settled in,” Kevin Ford from Convera told the customers this morning. “Big fears have started to fade, and despite all the noise, the stock markets flirt with all (new ATH for the S&P500). That means the horizon still looks blurry, and many questions remain unanswered: What about tariffs. The markets do not hold their breath.
The FED could also deliver the interest reductions that Trump has requested.
“The market will again focus on the macro counting with the interaction between labor market data and fed political expectations and increasing attention that is given to the potential appointment of a new FED chair. The wide risk of the atmosphere is based on modest and temporary weak growth in 2H25, where underlying suspicion.
Here is a snapshot of the campaign in front of the opening bell in New York:
- S&P 500 Futures This morning 0.37%, Premarket.
- The S&P 500 Castle on Friday by 0.52% and reached a new record high (6,173).
- United Kingdom And Europe The markets were flat in early trade.
- Japan’s Nikkei 225 had increased by 0.84%.
- The major China The indices were the way it was this morning South KoreaBut Hong Kong And India were below.
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