The S&P 500 remains cautiously bullish despite heightened volatility from escalating U.S.-China tensions. Yields eased slightly Friday after President Trump announced a 100% tariff on all Chinese imports, retaliating against Beijing’s sharp curbs on rare earth exports—critical inputs for defense, semiconductor, and EV supply chains. Cumulative tariffs on some goods now exceed 130%, raising concerns about downstream impacts on AI-related industries. Trump hinted at canceling his APEC meeting with Xi Jinping, signaling further decoupling risk, though softened his tone over the weekend by expressing willingness to renegotiate.
Key Levels: Support at 6,628.8 | Resistance at 6,745.1
Investor Takeaway: RSI at 45 converged with MA line, trending sideways; MACD shows emerging buying pressures. Market awaits clarity on trade stance, keeping price action range-bound.