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Market Rebounds Despite Tariff Worries
- The market has rebounded despite ongoing tariff impacts, indicating risk sentiment has climbed the wall of worry.
- Near-term tariff avoidance measures show efforts to reduce self-harm, but uncertainty remains high.
NASDAQ 100 Faces Critical Resistance
- NASDAQ 100 faces critical resistance near 20,000 and its 200-day moving average.
- A bearish outlook persists unless tariff threats melt away and the Fed cuts rates.
Earnings Guidance and Spending Trends
- Many companies refuse to provide guidance due to tariff uncertainties.
- Visa's earnings indicate strong spending volume but slight profit decline, showing current spending resilience.