Stocks Rally on Trump’s Trade Pivot – But Is the Bull Run Peaking?
The late-week surge capped a rollercoaster October. Early in the week, fears of a new regional banking crisis and an abrupt 100% China tariff announcement had sent markets tumbling. But by Friday, calmer notes prevailed: Trump’s tone softened, a high-level U.S.-China meeting was penciled in, and Fed expectations remained dovish ts2.tech ts2.tech. Wall Street fixed-income veteran Robert Pavlik of Dakota Wealth summed up the confusion: “The market doesn’t really know what to take when Donald Trump speaks,” he said reuters.com. In practice, investors chose to focus on earnings and central bank policy rather than headlines. A run of robust third-quarter earnings – roughly 86% of S&P 500 companies topping forecasts – has underpinned confidence that corporate profits remain strong ts2.tech. Tech stocks lead. The technology sector has powered much of the recent gains. The Nasdaq and chip-equipment indices hit new highs on Thursday reuters.com, driven by breakout results and AI deals. Nvidia and rival AMD exemplify this trend. Ts2.Tech notes that Nvidia’s stock “hit fresh record highs” before profit-taking set in ts2.tech, and that AMD is still up nearly 80% this year after its AI venture announcement ts2.tech. Market analysts say AI spending and cloud demand justify the run ts2.tech
