S&P 500 closes at all times highs. Surges after slump, when Fed chairman Jerome Powell rules out rate cuts, rises on the back rising unemployment in the U.S. I can't see a recession or deflation until the oil price is under $50, stagflation is still on the cards.

• The S&P 500 rose 91 points from its 31st Jan lows, when Federal Reserve chairman at their Janauary meeting saying, "That's not a decision that we've made."  In relation to the market overstating rate cuts in March 2024.  Overall, since Jan 2023, the S&P 500 has risen 24% closing at record highs.  Clearly in bubble territory.

Resistance is at 4954