May’s payroll figures will show how labor conditions are holding up aid trade uncertainty. Jamie Dimon sees crack in bond market coming. BofA sees major market inflection point.

White House officials maintain bankers’ concerns are overstated and discount expected revenues from the president’s tariffs.

Buried deep in the more than 1,000-page tax-and-spending bill that President Donald Trump is muscling through Congress is an obscure tax measure that’s setting off alarms on Wall Street and beyond.

Wall Street inched toward tiny losses early Friday as markets digested a the government’s latest inflation data.

🚨 “Don’t ever say what you said!”Holy shit. Trump just learned Wall Street is calling his tariffs “TACO trade” (“Trump Always Chickens Out”) — and you have to watch his meltdown. pic.twitter.com/fQUIoWqiJN

Get caught up.

Wall Street on Friday was on track to post its best monthly advance since November 2023, though sentiment was subdued.

In early May, David Kostin and his team at Goldman Sachs lifted their three-month price target to 5,900, and their 12-month target to 6,500. Around the same time, Ed Yardeni from Yardeni Research raised his 2025 target back to 6,500, specifically citing the rollback of Trump's tariffs.

Tragedy plus time is the formula for comedy, but on Wall Street it equals opportunity. Wait a while and even the costliest failures will be resurrected. Look no further than the phenomenon of cash-stuffed shells designed to find takeover targets,

Even as tariff-related turmoil continues, consumer sentiment improved at the end of last month, and few companies are outright throwing long-term forecasts out the window. But Wall Street has shown signs of getting a bit more cautious on the second quarter.