Friday's market action reveals a striking dichotomy: stock indices are charging ahead, while bonds, precious metals, and volatility gauges flash warning signs.
Despite President Trump announcing tariffs targeting Canada, Japan, Brazil and others, investors remain unfazed. The Wall Street Journal reports that the S&P 500 hit fresh record highs, powered by optimism around potential trade deals and solid earnings, even as futures dipped earlier in the day. Meanwhile, Reuters highlights investors rotating into defensive assets—bond yields softened slightly while gold and oil showed renewed strength—signaling underlying anxiety.
