Why Are Stocks Still Rallying Despite Tariff Uncertainty? | Presented by CME Group
Bloomberg Television·2025-07-28 19:02
Market Sentiment - Tariff uncertainty has subsided, contributing to market's climb near all-time highs [2] - Optimism in the markets is fueled by hopes of reaching deals and lower tariff levels than initially discussed [2] - Inflation appears to be trending in the right direction, although it has recently stagnated [2] Valuation and Earnings - S&P 500's PE ratio has surged past 23 [3] - Current earning seasons could set the path for the remainder of the year [3] Technical Indicators - Relative Strength Index (RSI) is used to assess whether a stock is overbought or oversold [1] - RSI has climbed above 70 several times recently, indicating overbought conditions [1]