S&P 500 Rallies 20% in Six Weeks as Tariff Fears Ease
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The S&P 500 surged 20% over six weeks, reclaiming its 200-day moving average and erasing its 2020 losses. The rebound followed a steep sell-off in early April, triggered by peak tariff tensions between the U.S. and China. Market sentiment flipped when the TRUMP administration signaled potential de-escalation, sparking a 23% rally from the intraday low.
Technical traders had anticipated the reversal, describing the setup as "so bad it’s good." By last Friday, the index surpassed its April 2 closing price—dubbed "Liberation Day" by some analysts—and returned to positive territory for the year.
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