US500

S&P 500 forecast: trade concerns and global slowdown threaten recent gains, although no major bearish signs have emerged yet, with job openings and payrolls in focus this week.

S&P 500 futures have rallied by as much as 24% from the April lows, right around when some financial pundits were calling for a ‘Black Monday’ type of event.

The FOMC support that’s become commonplace for stocks since the GFC remains missing as the bank tangles with inflation expectations on the back of uncertain tariffs.

The ‘Black Monday’ calls were only a few weeks ago but bulls have since made a strong move off the April lows.

Over the past two trading sessions, the S&P 500 has gained more than 5%, with the price now holding steadily above the 5,300-point level. This renewed bullish bias in the index has been primarily driven by recent comments from President Trump, which point to a possible easing in trade tensions with China.

It’s been a big week across markets and there are still several macro setups of interest as we approach the Thursday ECB meeting.

U.S. equities put in a historic performance on the back of yesterday’s 90-day delay in tariff implementation, with stocks showing the strongest rallies since the bottom of the Covid sell-off.

Once again stocks gapped down, but this time, a rally ensued even with a tariff pause headline being walked back by the Trump administration.

It was the most brutal week for stocks in five years and this time, there was no Fed-speak coming in to save the day.

SPX broke its weekly losing streak last week and this week is starting off on a more optimistic tone.

Wall Street staged a respectable bounce following Powell’s somewhat dovish tone, but—as we’ve seen in recent sessions, the gains could not hold for too long.