US stocks closed higher on October 2, with Nasdaq rising 1.2% and S&P 500 gaining over 0.72%. Nvidia hit an all time high of $237.88. 🇺🇸
The market is the one indicator that's forward looking, and it keeps voting the same way. The S&P is up more than 23% since inauguration, the Nasdaq more than 27%, and on Friday Nvidia closed at the highest valuation any company has ever held. Those are millions of people with real money at risk pricing where the American economy is going and they are not pricing decline.
Pressure campaign that kept Hormuz open and the diesel release out of Europe are also crucial factors.