The Launch, Lurch, Lift-Off Cycle

2025-04-11 20:45:00 ET

Summary

• By the closing bell, the S&P 500 had booked its biggest weekly gain since October 2023 and the Nasdaq since November 2022.
• The latest trade war salvo came from China, which threw sharp elbows against America’s 145% tariff on Chinese goods with a 125% broadside of its own.
• US Treasuries are going pale in the face as the world begins to question whether America’s economic steering wheel is attached to anything at all.
• Things are getting so nervy that the Fed needed to assure everyone it will step in if markets seize or liquidity dries up.

Stocks rose today, closing out one of the most head-spinning weeks in recent memory - coming off an equally nutty one last week. By the closing bell, the S&P 500 had booked its biggest weekly gain since October 2023 and the Nasdaq since November 2022....

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