We are currently above the 200-day moving average. Each day spent above this level is a positive sign, as it helps bring trend back into the market. However, there are still quite a few cross currents at play.

President Trump issued a warning on his X account directed at the European Union regarding trade barriers, threatening a 50% tariff on EU goods. Meanwhile, interest rates are showing some upward movement, particularly in the U.S. 30-year Treasury.

On the bright side, there has been a strong wave of retail buying. We also have seasonal effects to look forward to, typically seen from Memorial Day through Labor Day. We’ll continue to keep you updated in the coming weeks!