VRTRADER – LEIBOVIT VR NEWSLETTERS – TURNAROUND TUESDAY – MAY 13, 2025 -WALL STREET WASN’T LOOKING AT THE CHARTS OR MY ANNUAL FORECAST MODEL ONLY THEIR HATRED FOR DONALD TRUMP
https://www.howestreet.com/2025/05/expect-stock-markets-to-rally-over-short-term-mark-leibovit/
U.S.-China Trade Deal Sparks Rally On Wall Street
Stocks moved sharply higher during trading on Monday, more than offsetting the modest weakness seen in the previous week. With the strong upward move, the Nasdaq and the S&P 500 reached their best closing levels in over two months.
The major average saw further upside going into the close, reaching new highs for the session. The Nasdaq soared 779.43 points or 4.4 percent to 18,708.34, the S&P 500 spiked 184.28 points or 3.3 percent to 5,844.19 and the Dow surged 1,160.72 points or 2.8 percent to 42,420.10.
The rally on Wall Street came following news of a U.S.-China trade deal that drastically reduces the massive tariffs on each other’s goods.
The White House said the agreement calls for the U.S. and China to each lower tariffs by 115 percent while retaining an additional 10 percent tariff.
The U.S. will retain tariffs imposed in response to the fentanyl national emergency, resulting in an effective tariff rate on Chinese goods of 30 percent.
In previous tit-for-tat moves, tariffs on U.S. and Chinese goods had spiked as high as 125 percent and 145 […]
LEIBOVIT VR NEWSLETTERS – VRTRADER.COM – MONDAY – MAY 12, 2025 – BULLISH CONFIDENCE GROWING COMING OUT OF THE DEPTHS OF DESPAIR.
https://www.howestreet.com/2025/05/expect-stock-markets-to-rally-over-short-term-mark-leibovit/
U.S. Stocks Finish Choppy Trading Day Little Changed
After failing to sustain an initial move to the upside, stocks showed a lack of direction over the course of the trading session on Friday. The major averages spent much of the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed.
While the Nasdaq crept up 0.78 points or less than a tenth of a percent to 17,928.92, the S&P 500 edged down 4.03 points or 0.1 percent to 5,659.91 and the Dow dipped 119.07 points or 0.3 percent to 41,249.38.
For the week, the S&P 500 declined by 0.5 percent, the Nasdaq fell by 0.3 percent and the Dow slipped by 0.2 percent.
The early strength on Wall Street came amid optimism about a potential U.S.-China trade deal ahead of Treasury Secretary Scott Bessent’s talks with Chinese officials in Switzerland this weekend.
A Bloomberg report citing people familiar said the U.S. is hoping to slash its China tariffs to below 60 percent from the current level of at least 145 percent during the weekend talks.
However, President Donald Trump said in a post on […]
