The last ten days or so have been very eventful.
President Trump imposed a 50% tariff on the European Union before delaying it by five weeks, then the US Court of International Trade ruled that many of the tariffs are illegal anyway.
That saw the Court of Appeal grant a temporary stay that leaves them in place while the case is considered, and Trump ended the by doubling the tariffs on steel imports!
The S&P 500 still managed a healthy 1.9% gain despite all that, and it ended the month of up 6.2%, the strongest monthly gain since November 2023.
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Mark Lister
Investment Director
Market Insights enewsletter
Keep up to date with our fortnightly Market Insights enewsletter. Our research team provide timely and regular commentary and analysis on market developments, understanding investment jargon, and the impact of current events.