Wall Street gives back some of its big winning month
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For anyone on Wall Street still clinging to a time-honored macro-investing playbook, Trump 2.0 has been a source of endless punishment.Market narratives keep shifting faster than traders can adjust positions.
"One thing is to talk about money, and another is managing it," says Nouriel Roubini.
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Wall Street inched toward tiny losses early Friday as markets digested a the government’s latest inflation data.
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Tragedy plus time is the formula for comedy, but on Wall Street it equals opportunity. Wait a while and even the costliest failures will be resurrected. Look no further than the phenomenon of cash-stuffed shells designed to find takeover targets,
Wall Street on Friday was on track to post its best monthly advance since November 2023, though sentiment was subdued.
Investors are beginning to realize that Trump never follows through on his tariff threats, inspiring the TACO trade: 'Trump always chickens out'
Wall Street and financial markets around the world jumped after a U.S. court ruled that President Donald Trump is not authorized to impose sweeping tariffs on imports under an emergency-powers law.
U.S. stocks were slightly higher in choppy afternoon trading on Thursday, with shares of Nvidia gaining after its quarterly results.
In early May, David Kostin and his team at Goldman Sachs lifted their three-month price target to 5,900, and their 12-month target to 6,500. Around the same time, Ed Yardeni from Yardeni Research raised his 2025 target back to 6,500, specifically citing the rollback of Trump's tariffs.