Markets get a quick relief rally as policy uncertainty drops—Powell stays, and the US signals a China trade thaw. Short term, expect lower volatility, risk-on flows, and upside for trade-linked sectors both in the US and globally.
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Longer term, the…
— Alva (@AlvaApp) April 23, 2025
Dow Jones Futures Jump On Trump's China, Powell Comments; Tesla Rises On Bullish Elon Musk https://t.co/kxbNHF5isn
— Joshua Heacock (@jm_heacock) April 23, 2025
GOLD DROPPING THIS MORNING AS RISK PREMIUM FROM FED TERMINATION TALK FADES AND TRUMP'S TRADE DEAL COMMENTS COME OFF SOFTER.
"SELL AMERICA" TRADE STARTING TO UNWIND!? pic.twitter.com/4rlQxxIb3T
— Wall St Engine (@wallstengine) April 23, 2025
US stock futures jumped Wednesday after President Trump said he has “no intention” of firing Fed Chair Jerome Powell, easing Wall Street fears over the central bank’s independence. Meanwhile, Trump also softened his tone on tariffs, hinting that eye-popping duty levels on Chinese imports would ultimately be scaled back.
Futures attached to the Dow Jones Industrial Average (YM=F) popped 1.7%, gaining nearly 700 points, while futures attached to the benchmark S&P 500 (ES=F) jumped 2.3%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) soared 2.8%.
Apparently equities really like it when the president reverses a bunch of poorly communicated and impulsive ideas about the Fed and trade. Who would have thought? 😂 pic.twitter.com/4SnB440INs
— Markets & Mayhem (@Mayhem4Markets) April 23, 2025