Market Performance & Correction - The S&P 500 experienced a near 20% correction previously, and is currently up only 4% to 5% year-to-date [1] - The market has recovered from a significant correction, but it's not yet experiencing irrational exuberance [2] - Elevated uncertainty suggests the possibility of 2 to 3 corrections being the norm for the year, indicating potential for more volatility [2] Economic Factors & Uncertainty - The market is waiting to see the impact of tariff rates on inflation and the labor market [4] - Investors and the Fed are largely in a wait-and-see mode regarding trade and tariff headlines, a tax bill, and potentially softer economic growth [3][2] - The impact of tariffs on inflation and the labor market has been pretty benign thus far [4] Monetary Policy - The Fed is expected to cut rates if the benign impact of tariffs continues [4] - The pace of the Fed's rate cuts, whether gradual or aggressive, remains uncertain [4] Market Outlook - No signs of a complete reversal, bear market, or bubble burst are currently visible [3] - Momentum in the market tends to continue, potentially leading to overshooting on both the upside and downside [2]

Fed Chair Jay Powell testified before the House Financial Services Committee yesterday, telling lawmakers that he's in no rush to lower rates. Pal will be back this morning for round two in front of the Senate Banking Committee. But joining us right now is the chairman of the Financial Services Committee, French Hill.Um French, thank you very much for being with us. Mr. . Chairman, you um saw everything that Chairman Pal had to say yesterday, and I guess I'd ask first, was there anything in his remarks that ...

Key Takeaways Bitcoin stays above $100K amid Iran-Israel conflict, investors eye crypto-related stock opportunities. CME, V and PYPL posted positive earnings estimate revisions in the past 90 days, signaling growth ahead. Domestic tailwinds like easing inflation, trade deals, crypto-friendly policy are supporting market sentiment.The cryptocurrency is still going strong, with Bitcoin (BTC) holding above $100,000 after hitting an all-time high last month. However, the rally has been threatened over the las ...

The US and Chinese officials reached an agreement during a London meeting this week. President Trump cheering the deal on so truth social this morning, outlining some of the details and hailing the relationship between the two countries as excellent. Here with the details, our very own Fed correspondent Jennifer Shamberger.Hey, Jennifer. Good morning, Maddie. Treasury Secretary Scott Bessant set to testify this morning here on Capitol Hill.Just hours after wrapping up two days of trade negotiations with Chi ...