Wall Street cautious due to uncertainties despite recent market highs.

Stocks, including the S&P 500 and Nasdaq Composite, closed the first half of the year at record highs after a historic comeback from April lows. The market’s gains are attributed to easing geopolitical tensions and the emergence of the “TACO trade.” Despite optimism, caution is advised as uncertainties remain, including rising tariffs and softer consumer demand. The Fed’s rate cuts are debated, with markets pricing in a 67% chance of a cut by September. Economic signals are mixed, with job gains in June but potential challenges ahead.

Sources:
1. Yahoo Finance: https://finance.yahoo.com/news/the-sp-500-just-hit-a-new-record–why-it-could-keep-surging-200437709.html
2. Yahoo Finance: https://finance.yahoo.com/news/this-is-a-roller-coaster-ride-how-trumps-tariffs-turned-the-taco-trade-into-wall-streets-biggest-debate-130035800.html
3. Yahoo Finance: https://finance.yahoo.com/news/retail-sales-slide-in-may-on-lower-gas-auto-sales-amid-tariff-uncertainty-124552230.html

Read more at Yahoo Finance: Why Wall Street strategists are cautious about stock market’s recent records