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📈   S&P Futures Trade At All Time High Boosted By Trade Talks, Nike Results

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US equity futures are higher,buoyed by the (non) news that the US and China have signed a trade truce (which they first signed three weeks ago but nobody complied with it, so may as well push stocks up on the exact same headline again). The positive mood has also been helped by expectations of Fed rate cuts, a better-than-fearedoutlookfrom Nike and equity flow data. As JPM recaps, since yesterday’s close, there have been three major market focuses: (i) Lutnick said that US and China have already signed their trade deal; (ii) Nike’s guidance beats expectation; (iii) the removal of Section 899 yesterday afternoon.As of 8:00am ET, S&P futures are 0.3% higher and currently trading in record ...

ZeroHedge Opinion     Jun 27, 2025