S&P 500 Nears Record High Amid Nvidia Surge and Geopolitical Tensions
The S&P 500 teeters on the brink of a new all-time high as Nvidia's record-breaking rally offsets investor caution. Markets are grappling with a cocktail of geopolitical risks, Trump's暗示 to replace Fed Chair Powell, and looming inflation data. The index sits less than 1% from its peak—a remarkable feat given the storm clouds gathering over global markets.
Nvidia's ascent mirrors the AI boom's relentless momentum, though crypto markets remain conspicuously absent from this narrative. Powell's steadfast stance on rates clashes with Trump's push for looser policy, setting the stage for a volatile reaction to Friday's PCE report. Tariff-driven inflation spikes could force the Fed's hand.