Stocks Surge Toward Record Highs as Investors Bet on Bullish Momentum

Markets roar back as traders chase the next ATH—because what could possibly go wrong?

Wall Street's dopamine rush hits overdrive

Another day, another FOMO-fueled rally. The S&P 500 flirts with uncharted territory while crypto traders smirk from the sidelines—their assets already mooned last cycle.

Institutional money piles in

Hedge funds and pension managers suddenly remember stocks exist when risk-on sentiment returns. Meanwhile, Bitcoin maximalists yawn and check their cold storage balances.

The closer: This rally's got legs... until the next Fed meeting or geopolitical tantrum. Place your bets.

Trump picks Stephen Miran to Fed board

Stocks had slipped before the bell on Friday amid ongoing tariffs uncertainty. However, after witnessing mixed moves in the previous session, stocks picked up ahead of markets open for the U.S. session. 

The major indexes looked to further trim losses as investors weighed Trump’s nomination of Stephen Miran to the Federal Reserve board. 

Miran, chairman of the Council of Economic Advisors, will now face Senate confirmation. If approved, he will replace former Governor Adriana Kugler, who resigned last week. The nomination comes as TRUMP considers broader leadership changes at the central bank, with Jerome Powell’s term as Fed Chair set to expire in May 2026.

However, markets expect the Fed to act well before that. Current projections suggest a 90% chance of an interest rate cut in September, with more easing potentially on the way in the months that follow.