In June 2025, the US stock market rebounded to reach all-time highs, with the S&P 500 climbing over 5% and the Nasdaq surging more than 6% as trade tensions eased and volatility receded. The primary driver behind this rally was a temporary truce in the ongoing US-China tariff standoff, which brought short-term optimism and triggered a strong advance in tech and AI-related sectors—the main engines of market gains throughout the month. Volatility measures, elevated earlier in the year due to new and aggressive tariffs imposed by the Trump administration, markedly decreased as investor confidence improved. Macroeconomic signals were more mixed: While equity markets benefited from hopes of de-escalating trade wars and robust tech earnings, underlying economic growth slowed, with US GDP projections reduced and inflation remaining persistently high. Unemployment also began to trend upwards, placing some pressure on Federal Reserve policy, though rates remained unchanged with policymakers cautious about cutting prematurely. Geopolitical risk remained a market theme. The ceasefire in the escalating Iran-Israel conflict in mid-June led to a flight to safe-haven assets—bolstering gold and Treasuries—while a sudden plummet in oil prices supported US equities further as perceived conflict risk receded. In summary, June was defined by a sharp rebound in stocks, headlined by easing trade anxieties, blockbuster tech performance, and persistent vigilance for global macro and geopolitical shocks.