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* FIEND'S SUPERBEAR MARKET REPORT *
* June 25, 2025 *
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* e-mail: fiendbear@fiendbear.com *
* web address: http://www.fiendbear.com *
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Fiend Commentary
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Just days
after a dramatic U.S. strike on Iranian nuclear facilities, Wall Street has
decided the war is over. Stocks soared on Tuesday, with the Dow and S&P
hitting new highs as oil prices settled back into the mid-$60s. The logic?
Iran’s theatrical retaliation signaled more interest in optics than
escalation—and the market took that as a green light to pile back in.
Traders are
now shifting their gaze to the Federal Reserve, with bets increasing for a
possible rate cut as early as July. It’s another swift pivot in a year defined
by geopolitical landmines and monetary policy tightropes. But as always, the
market prefers to see what it wants to see.
None of the
underlying problems have disappeared. Government debt is still ballooning,
supply chains remain vulnerable, and consumer strength looks increasingly
brittle beneath the surface. Yet you wouldn’t know it from today’s rally. Even
the word “tariff”—a hot-button trigger just a month ago—has seemingly vanished
from financial discourse.
If recent
history is any guide, this kind of euphoric bounce is less a sign of resolution
and more a symptom of denial. Volatility hasn’t gone away—it’s
just recharging.
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