Stocks Still in V-Shaped Recovery As Courts Weigh Trump Tariffs Array ( [cookie] => 295ae9-14fc64-a15c6a-53bfcd-490b91 [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [visitor_id] => 187600 [user_id] => [reason] => [method] => ) 1 and can accesss

"Many of us would probably be better fishermen if we did not spend so much time watching and waiting for the world to become perfect." ― Norman Maclean, A River Runs Through It and Other Stories

Good evening, 

Despite lackluster trading activity on the last trading day of May, it was a good week and a good month for stocks. The S&P 500 closed the month of May up nearly 4%, while the Nasdaq gained 6.36% for the month. This month also saw Bitcoin hit new all-time highs of USD $111,681 on May 22. 

While that last part was obviously welcome news for BTC investors, it was a good signal for the equities market as well. As Fundstrat Head of Digital Asset Strategy Sean Farrell noted, "Bitcoin being further out on the risk curve than other asset classes means that it often moves first."

Fundstrat Head of Research Tom Lee concurs. "We view Bitcoin as a leading indicator and thus, we expect stocks to reattain all time highs, which Bitcoin achieved last week." he wrote. For those curious about Lee's longer-term outlook, he reaffirmed the year-end target he forecast for the S&P 500 in December 2024: "We see S&P 500 reaching 6,600 by year-end," he reiterated.