The second-quarter earnings season has kicked off with impressive corporate profits driven by consumer strength, but the stock market's muted response raises concerns about investor expectations. Despite a stellar 94.4% earnings beat rate in financials, stocks remain stagnant.
Asian stocks are on the rise, buoyed by Nvidia's record valuation and a resilient market response to Trump's new tariffs. Investors are optimistic about potential Federal Reserve rate cuts, despite ongoing trade tensions.
In a recent visit to Mar-a-Lago, Treasury Secretary Bessent emphasized that Trump's tariff discussions are disconnected from market realities, urging a focus on the endgame amidst China's missteps.
President Trump's sweeping tariffs on imports have sparked a global trade war, leading to fears of recession and rising inflation. Allies and rivals are threatening retaliation, intensifying market turbulence.
