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US Market Call: Roaring 2020s Rockets to Mars and Beyond

Investing.com·
US Market Call: Roaring 2020s Rockets to Mars and Beyond

SpaceX's IPO raised $75 billion with shares rising 19% on the first day, making Elon Musk the world's first trillionaire. The stock market rebounded off 50-day moving averages amid strong earnings momentum and news of a potential US-Iran peace deal that pushed oil prices lower. The S&P 500 forward earnings reached record highs, though the Magnificent-7 stocks have underperformed recently. The author predicts the June Swoon may be ending with potential for a bull market resumption.

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