47. Weekly Market Recap: Key Movements & Insights
Wall Street's Tug-of-War: Inside the Bullish Conviction That Defied Geopolitical Gravity 🌍
Stocks Notch New Record and Bitcoin Surges as Tariff Threats Rattle Markets
Wall Street navigated a volatile week to push the S&P 500 to a new all-time high, as a powerful tech-led rally demonstrated investors’ appetite for risk assets. The bullish sentiment extended to the cryptocurrency market, where Bitcoin broke out to a new record of its own. The gains, however, were hard-won and bookended by fresh tariff announcements from the White House, leaving investors to balance strong momentum in key sectors against a backdrop of persistent trade uncertainty.
The week's trading was a tug-of-war between bullish conviction and geopolitical jitters. The S&P 500 began the week with a nearly 0.8% decline on Monday, following the initial tariff announcement. After a flat session on Tuesday, the market found its footing. A powerful rally on Wednesday and Thursday, fueled by the technology sector, pushed the index to an intraday record of 6,290 on Thursday before a final tariff announcement on Frid…
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