Nasdaq 100 Erases YTD Declines: Bull Market Returns or a Beautiful Illusion?
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US stocks are surging once again. $NASDAQ 100(NDX)$ has returned to a technical bull market! The “Magnificent 7” added $830 billion in market cap in just one day. It seems the market has fully shaken off the pain caused by Trump’s early-April policy moves. Don’t the past six weeks feel like a bad dream? Following this weekend’s talks, most tariffs have been suspended. Roberto Scholtes, Head of Strategy at Singular Bank, said U.S. equities are unlikely to revisit record highs in the short term. Even if a final deal is reached, companies will still suffer from the chaos and uncertainty of U.S. economic policy. “We bought the dip earlier,” he said. “Now we’re on pause—but also considering whether to trim positions on the rebound.” Other investors believe the shift in market sentiment could be enough to spark a global rally. Today, the first CPI report after the tariff decision landed smoothly—headline CPI came in below expectations, while core CPI matched forecasts. Traders have increased their expectations for Fed rate cuts, now betting on a first cut in September and a second one in October. Now, Mag 7 are breaking out one by one, with $NVIDIA(NVDA)$ nearing $130. Do you believe the bull market is truly back? Or is this just a flash in the pan? Has CPI acted as a shot of adrenaline for the bulls? Join our topic and post directly: Technical Bull Market Back!!! All in or Calm Down to Take Profits? or leave your comments to win tiger coins~ Plus, you can stand a chance to get $5 stock vouchers. Event detail to click: [Event Reward] Join Hot Topics Everyday to Win $5 Stock Vouchers & Tiger Coins!
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