A "Rip Your Face Off Rally"

<p>Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />President Donald Trump&rsquo;s pledge to pause tariffs on some trading partners ignited the biggest burst of buying Wall Street has seen since 2008. Trump announced a 90-day pause on higher reciprocal tariffs that hit dozens of trade partners after midnight, while raising duties on China to 125%.<br /><br />After narrowly avoiding a bear market, the S&amp;P 500 staged a historic bounce from a selloff that wiped out trillions from global share prices amid the specter of a full-blown trade war that fueled fears of a US recession. The equity benchmark soared 9.5%, the most since the global financial crisis, while the Nasdaq 100 surged 12% as euphoria gripped markets after four days of bruising, high-volume trading. Nearly every stock in major gauges rose.<br /><br />Treasuries staged a tentative return to normalcy as investors dumped havens on fear of missing out on the great risk rebound. Two-year US yields briefly spiked past 4% as traders pared expectations for Federal Reserve rate cuts this year.<br /><br />Today's show features:</p> <ul> <li>Vincent Cignarella, Bloomberg Markets Live Macro Strategist</li> <li>Brent Schutte, Chief investment Strategist at Northwestern Mutual Wealth Management</li> <li>Danielle DiMartino Booth, CEO &amp; Chief Strategist at QI Research</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>