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S&P 500 Rally Nears Sell Signal Amid Trade War Concerns
S&P 500 Rally Nears Sell Signal Amid Trade War Concerns
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BTCCSquare news:
Bank of America strategist Michael Hartnett warns that a surge above 6,300 for the S&P 500 could trigger a sell signal, even as global equities extend their rally. The index closed at 6,279.35 on Thursday, buoyed by macroeconomic tailwinds and easing Middle East tensions.
Investors continue favoring cash and bonds despite record stock highs, reflecting cautious optimism. Trade war risks resurface as Trump's tariff remarks and the expiring 90-day pause loom over markets. The Nasdaq and Dow Jones edged higher, but momentum may face headwinds next week.
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