Market Resilience: S&P 500 Nears All-Time Highs Amid Geopolitical Tensions

All-time highs for the major stock averages are within reach now after a topsy-turvy year, the S&P 500 is closing in on its February record high, and Nvidia, along with the Nasdaq 100 have scored all-time highs this week.

At the same time, US trading partners are rushing to make deals before the reciprocal tariff.

Cause ends on July 8th.

Well, joining me to weigh in this morning is Gabby Barrospi, who's the CEO and founder of Latino Wall Street.

Good morning, Gabby.

Thank you so much for joining me.

Well, first and foremost, I want to get your thoughts on price action for the equity markets, especially with the S&P 500 inching closer to all-time record highs.

Yes, good morning, Rey.

It's amazing what we're seeing, you know, we all thought we would be on a downward trend because there's been so much conflict recently, you know, geopolitically and also with the Federal Reserve, giving us all sorts of different statements about interest rates that has everything to do.

With how the market behaves, but what we're seeing now is it's a strong market, it's a resilient market, and we are in the green, um, it's, it's amazing how the market never predicted that the war was going to scale, that uh it was going to be short-lived and that we were going.

To find a solution.

So I think it's very good news for all the investors that sometimes get scared when, you know, something happens in the world or internationally and they think that's going to bring the market down.

We actually saw the opposite, which is very interesting, but this just proves the demand and the resilience, and I think this is just the beginning because we haven't even started cutting interest rates.

Yeah, and you bring up a good point there, Gabby, especially given what we saw over the weekend in terms of geopolitics.

So I do want to very quickly take a look at what we've been seeing in energy prices and even despite some of the uncertainty with geopolitics over the weekend, right now we are looking at oil prices below 70 with WTI hovering right around 65 a barrel.

So what do you make of prices where they are right now?

Yes, I think what we saw was actually the opposite of what we had expected.

Normally when there's fears of war, we're in this context, specifically with the Middle East, it's such a key place for oil, we tend to see the demand go up, the prices go up, right, because Then, um, the supply gets affected, so it's supply and demand that there is economy one on one.

So the fact that we saw it drop it that just gave us a very clear sign that we, we were not going to see anything um scale.

So I think the energy sector, it's, it is a good investment, it's probably not behaving the way, you know, we thought it.

It would be, but I do think it's, it's a good diversification option just like commodities in general, like gold, you know, like to, to diversify and have your, your money not just in in stocks but in a commodity is fine, and I think oil is a good option, but I just don't think we've been seeing, seeing it move the way we all anticipated.

Wow, this is going to skyrocket because of the demand and And the lack of of supply this conflict is going to cause, right, especially if Iran, Iran closed that that passage they were talking about, but that didn't happen.

That was just a threat and a statement.

So I think we have to follow it closely.

I do like it.

I like the the the energy ETF.

Um, XLE, it's, it's what, yeah, those are the, that's the symbol, and I have invested in Excellent Chevron and the main ones that gives us dividends.

I just don't think it's going to be um what people thought that they're going to skyrocket based on the, the current context.

Well, Gabby, we will have to leave it there for today, but as always, thank you so much for joining us and thank you so much for weighing in.

Thank you.