US stocks have surged to record highs despite global trade tension and fiscal concerns. The S&P 500 has gained 34% since April, hitting 27 records, with Big Tech leading the charge. However, with the Fed cutting rates and economic growth slowing, some worry the rally may be overpriced. Economic data is expected to show a drop in GDP growth to 1.5%, down from 3.3% in Q2. Analysts are cautious, with stocks trading at historically high valuations. Despite the uncertainty, some investors remain bullish on tech stocks, anticipating further gains. The market’s resilience has historically led to strong year-end performances, but potential volatility looms, especially in October.

Read more at Yahoo Finance: Stock Market Rally Risks Losing Steam as Economic Bounce Fades