
A late April 2025 rally in the S&P 500 has sparked a wave of investor optimism, with some asserting that the market has fully absorbed the effects of President Trump’s tariffs. However, this optimism may be premature.
[content-module:CompanyOverview|NYSEARCA:SPY]Key indicators point to significant headwinds ahead. Entrenched inflation and a resolutely hawkish Federal Reserve, lackluster corporate earnings accompanied by downward revisions, escalating geopolitical tensions, and the looming risk that tariffs impact U.S. consumers have yet to materialize.