monday note: We may have reached the point of peak tariffs' and this deal could be the start of a series of phased rollbacks, said Mark Haefele, chief investment officer at UBS Global Wealth Management, in a Monday note, according to Market Watch. This could unlock further upside for equity markets, driven by an improvement in business confidence and a recovery in investment. But they are banking on the idea that the dynamic has flipped from escalation to de-escalation. Read Why Wall Street thinks the stock market is on the verge of a melt-up' All three major stock-market indexes hit all-time highs on Monday. The Nasdaq Composite COMP, 0.10% rose 0.9%, finishing at 8,814.23. The S&P 500 SPX, 0.03% rose 0.7% to 3,191.45, while the Dow Jones Industrial Average DJIA, 0.11% gained 100.51 points, or 0.4%, to end at 28,235.89.
(news.financializer.com). As
reported in the news.
Tagged under monday note, equity markets topics.