SP 500’s best streak since 2004 doesn’t ease Wall Street’s worries

SP 500 surge hits 14% but economic fears remain unresolved

The S&P 500 is on its best winning streak since 2004, but Wall Street remains cautious. Trade tensions, recession risks, and Fed policy loom as potential roadblocks to further gains.

SP 500 surge hits 14% but economic fears remain unresolved

The S&P 500 has surged 14% since early April, marking its best run since 2004. But strategists warn the rally may not last, as key risks – like trade tensions and a slowing economy – remain unresolved.

 

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Despite strong earnings (up 12.8% YoY) and optimism over potential trade deals, uncertainties loom. JPMorgan’s David Kelly cautions that without progress on trade or fiscal stimulus, a recession is still likely. Meanwhile, Morgan Stanley’s Mike Wilson argues the market needs a China deal and Fed rate cuts to sustain momentum – neither of which is guaranteed.

All eyes are now on the Fed’s Wednesday decision, though no rate cuts are expected yet. Bottom line: The rebound is welcome, but Wall Street isn’t celebrating just yet.

 

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