Stuck in the middle with Trump

Friday 30 May 2025

The Market Ear on the market paralysis.

Still stuck

SPX futures stuck in the 5800/6000 range with a rather big rejection candle today. We are not getting excited until SPX breaks out, either way. Past few weeks is mostly just noise.

Source: LSEG Workspace

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.