MARKET RECAP

• The SP500 was up by 1.47% and the NASDAQ by 2.58%.
• The SP500 traded above its all time closing high of 6118 but did not close higher.
• Trump’s up and down announcements on tariffs and DOGE’s bull in a China shop approach are putting some fear into investors, something is bound to break.
• The CPI came in higher than expected, up 3% year over year. The last thing the economy needs to know is a resurgence of inflation but a carry through on the tariff threat might just lead to that.

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