...S&P500 made new all time high close +0.52% at 6173, having gone to 6187 intraday high, Dow added another +432pts or +1% while Nasdaq was +0.52%.
...Banks and travel stocks stole the limelight, Boeing +5.91% and Nike +15.19% but the market took heavy profits on recent big gainers, PLTR -9.37%, Applovin -3.93%, and gold and silver stocks took a beating, GDX -3.59% GDXJ -3.32%, SIL -3.28%, SILJ -3.42%
...It has been difficult time for precious metals and precious metals stocks after the Israel-Iran ceasefire which truly blindsided gold hodlers.
...next up Trump will create another crisis, and we're back to the trade war with EU/Canada/Japan.
...yes, quite likely EOFY selling on Monday will weigh on the ASX, some semblance of that we've seen yesterday.
BREAKING: President Trump terminates all discussions on trade with Canada, "effective immediately." Trump says he will "let Canada know the Tariff that they will be paying to do business with the US" within the next 7 days. https://x.com/KobeissiLetter/status/1938655380189650958
The US stock market concentration is BIBLICAL: The market cap weight of the top 10% largest US stocks hit ~76%, the biggest share EVER. Since the Great Financial Crisis, the share has risen over 15 percentage points. Not even the 1930s saw such a big concentration. https://x.com/GlobalMktObserv/status/1938577555839176806
There were about a dozen Trump statements today that should negatively impact market next week (once BTD drugs wear off). Refering to comments on tariff letters, threats to EU and Canada, Iran, FED powell, etc. https://x.com/markoinny/status/1938708504925347929
