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119 days

CNBC Daily Open: Trump and Musk reassure investors, sending stocks higher

1. Trump's economy approval rating has dropped below 50%. 2. Tesla's earnings missed expectations, yet shares rose post-announcement. 3. Market rallied on Trump's positive comments about Powell and trade negotiations. 4. Trade between U.S. and China shows significant decline in freight traffic. 5. Safe-haven currency gains attract investors amid U.S. dollar weakness.

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FAQ

Why Bullish?

The market reacted positively to Trump's reaffirmation of Fed Chair Powell, historically lower interest rates boost equity prices.

How important is it?

Trump's comments on the Fed and trade negotiations can significantly influence investor sentiment towards the S&P 500.

Why Short Term?

Current market reactions are likely to stabilize within the next few weeks, driven by upcoming economic data.

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