S&P 500 Hits Record High Amid Political and Economic Turbulence
The S&P 500 closed at an all-time high on Thursday, defying a week fraught with negative catalysts. Nvidia's slowing growth, escalating tariffs, and President Trump's public feud with the Federal Reserve failed to dent investor optimism. Markets remain laser-focused on monetary policy rather than political theater, with rate cuts still priced in for autumn.
Equities continue to draw bids as traders discount transient noise in favor of fundamental drivers. Historical patterns suggest stocks only retreat on deteriorating earnings or macroeconomic weakness—neither of which currently prevail. The resilience underscores a market prioritizing liquidity conditions over headlines.