Big-Tech’s PerformanceThis Week’s Macro Theme: A Sudden Appeal—Trump and the Courts in a Tug-of-War?The market rebounded so quickly due to the emergence of the "TACO" (Trump Always Chicken Out) narrative.On May 29, the U.S. Court of International Trade ruled that some of Trump’s tariffs and fentanyl sanctions exceeded the authority granted by the International Emergency Economic Powers Act (IEEPA) and ordered an immediate halt, briefly sparking market optimism (the index surged). However, Trump’s team swiftly appealed, and on May 30, the appeals court issued a "stay" order, temporarily reinstating the tariffs. The core dispute revolves around IEEPA’s applicability—the court argued that trade deficits don’t constitute a "national emergency," while Trump’s side claimed national security
Tariff Ruling, Stock Boosts: Is S&P 500 Aiming for 6000?
The U.S. Trade Court issues an injunction ruling against Trump's global tariffs. At the same time, Nvidia and Tesla both bring the market good news. The futures of S&P 500 rises to 5960. Can SP 500 break and hold 6000 at the end of May? If it happens, does it mean the bull market is officially back?
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