With today’s payroll data inflation fears have subsided. Markets anxiety has been calmed by avoiding full fledge Tariff. Interest rate seem to be in check as inflation jitters have died down for now so Markets is not expecting the 4th rate hike. Economic conditions are improving and focus is back on fundamentals. S&P closed above 2780 and Bulls have all reasons to celebrate this weekend. Are we going to retest the Feb 9th low? Probably not. All this points to a breakout of US Markets in the coming weeks. I am net long but also cautious of any retaliation that might ensue based on Trump Tariff Tantrums. Any company that have international exposure (Apple, General Motors etc.) are not out of the woods yet and one headline from China/EU can take them down. So will have to consider this factors in stock picking going forward. Till then have a nice relaxed weekend.
