Markets rebound post 'Liberation Day' slumps; S&P 500 eyeing significant winning sequence
Freakin' Stock Market on a Roll, Baby! S&P 500 Claws Its Way Back from 'Liberation Day' Slump
Yo, check this out! The S&P 500 has totally recovered from that 'Liberation Day' brouhaha and is on a nine-day, non-stop winning streak. It's like the market's saying, "Bring it on, economy!"
Stock indices are legit on a roll and ain't gonna slow down anytime soon. Ace traders are done panicking about recession news and are back to betting on growth. On Friday, May 5, the Dow Jones was cruising at 41,354.53, up by a cool 601.57 points, or 1.48% since the open. Meanwhile, the tech-loving Nasdaq was up 1.56%, trading at 17,987.89.
And the S&P 500 ain't lagging behind, y'all. It rose a solid 1.47%, hitting 5,686.80, and showing no signs of slowing down. If it goes higher today, it'll amass nine days of non-stop gains, the biggest uninterrupted streak since way back in November 2004.
Since April 21, the S&P and the Dow have been steadily climbing. Chillier trade tensions, with the White House sending out some real dovish vibes on tariffs, have boosted confidence in the U.S. market. In fact, Bitcoin—yeah, that digital gold—went from $87,333 to $97,382 during that exact period. While gold lost some luster, with its price dropping from $3,400 an ounce on April 21 to $3,237 as we speak.
Trump's 100-day speech could signal a shift in the Bitcoin game, analysts predict. The S&P 500 and the Nasdaq are now back at the levels they were on April 2, aka 'Liberation Day', when Trump suddenly clamped down on trade with major trading partners, causing markets and the greenback to take a noselive. But the indices still haven't reached their all-time highs that were set back in November, and the Dow is yet to recover to its April 2 level.
Analysts reckon that even though stocks are looking tempting, investors might wanna hang onto their cash, as Bitcoin could be nearing its range top. The S&P 500's consistent gains, albeit not reaching new highs, is a good sign for those who dig stability and growth. But as always, the market ain't loyal, and some unforeseen bullies could still rear their ugly heads.
[1] Data source: Yale School of Management[2] Data source: CNBC
[1] Despite the positive momentum in stocks, some finance experts are warning investors to exercise caution due to the potential decoupling of Bitcoin from the traditional market.
[2] In the realm of cryptocurrency, Tron's top token TRX and Bitcoin's ico have seen a surge, with average daily trading volumes on decentralized exchanges continuing to increase.
[3] Interestingly, the recent rise in Bitcoin's price seems to have decoupled somewhat from the performance of stocks and stocks' average, which might indicate a shift in investor behavior.
[4] Some traders, recognizing the potential of cryptocurrency, are considering selling their stocks and investing in Bitcoin, thus warning of a possible future streak for the digital token.
[5] Meanwhile, the S&P 500, financially speaking, is on a nine-day winning streak, and Gold has seen a drop in price despite Bitcoin's rise, demonstrating the volatile and unpredictable nature of the finance world.
[6] As Trump prepares to deliver his 100-day speech, analysts are waiting to see if there will be any notable mentions or policies regarding finance, crypto, and the economy.
