^GSPC Today: January 22 Nears Record as Tariff Reversal Lifts Risk
The S&P 500 today is pushing toward a record after a tariff reversal eased market stress. President Trump backed off planned EU tariffs tied to the Greenland dispute, reducing a key tail risk and nudging bond yields lower. The ^GSPC traded near 6,875, with buyers leaning into large caps as the Dow Jones rally broadened. For Swiss investors, currency swings matter. A softer dollar versus the Swiss franc can trim USD gains unless hedged. We explain the setup, key levels, and a simple plan.
Why markets jumped on the tariff reversal
A clearer tone on trade helped sentiment. The administration signaled no new EU tariffs tied to the Greenland dispute for now, which investors read as less chance of a sudden shock to global supply chains. Headlines still matter, but today’s reset supported a risk-on bias across sectors. See reporting that captured the shift and market reaction here: source.
Bond yields dipped from recent highs, taking pressure off equity valuations. Lower discount rates favor growth stocks and quality defensives, and that mix helped indexes push higher. The dollar tone also cooled as safe-haven demand faded. Together, the tariff reversal and easier yields allowed breadth to improve, reinforcing the Dow Jones rally and lifting the S&P 500 today closer to its peak. Coverage also noted the risk shift: source.
How close is the S&P 500 to a record
Price was recently 6,875.61 after opening at 6,810.71, with a session high of 6,910.39. The 52-week high sits at 6,986.33, so the gap narrowed. Price is above the 50-day average of 6,829.73 and the 200-day of 6,361.43, which supports a constructive bias. Meyka’s baseline monthly projection is 6,881.74, with a yearly model near 6,994.79, suggesting limited but positive upside if conditions hold.
Momentum reads supportive but not stretched. RSI is 57.52, MACD is above signal (31.73 vs 28.95), and ADX at 12.18 shows no strong trend yet. Bollinger upper band is 6,980.35, near the 52-week high, while ATR at 59.05 flags typical daily swings. A push above 6,980 to 6,986 could invite follow-through, while a slip toward 6,866 to 6,870 would test near-term support.
What Swiss investors should watch
For CHF-based investors, foreign exchange can change returns. If USD firms as risk improves, unhedged exposure may add a currency tailwind. If the Swiss franc strengthens, it can offset equity gains. CHF-hedged S&P 500 ETFs listed on SIX can smooth those swings. Decide based on your time horizon, fee impact, and how much USD exposure you already hold across your portfolio.
Leadership still leans on megacap tech and quality cyclicals that benefit when bond yields ease. As companies update guidance, watch revenue resilience and margin trends. For Switzerland, consider how US growth exposure balances domestic holdings. If yield moves reverse, rate-sensitive areas could lag again. Keep an eye on spread between growth and value as a signal of risk appetite shifts.
Strategy ideas for the week
Upside focus: 6,980.35 (Bollinger upper) and 6,986.33 (52-week high). Above those, momentum could extend. Nearby support sits around 6,866.40 to 6,870.04, where several averages cluster. If price loses that zone, the 50-day average at 6,829.73 is next. Use position sizing, staggered entries, and clear stops, especially with headlines in play.
If tariff talks keep a constructive tone and bond yields stay contained, we expect dips to get bought and breadth to improve. If rhetoric hardens or data disappoint, volatility can return quickly. For Swiss investors, blend hedged and unhedged USD exposure, avoid concentration, and add in stages. Keep cash for opportunities if the S&P 500 today retests support.
Final Thoughts
The S&P 500 today advanced on a tariff reversal and easier bond yields, pulling the index within sight of its 52-week high. Technically, momentum is positive while trend strength remains light, so breakouts need confirmation above 6,980 to 6,986. For Swiss investors, currency is a key lever. Decide whether a CHF hedge fits your horizon, and set risk controls around the 6,866 to 6,870 support area and the 6,829 50-day average. Keep position sizes modest, buy in steps, and let price lead. If headlines stay friendly and yields remain calm, incremental upside looks achievable. If not, protect gains and wait for cleaner entries.
FAQs
Why did the S&P 500 today move higher?
Markets responded to a tariff reversal linked to the Greenland dispute, which reduced a major policy risk. Bond yields also dipped, easing pressure on equity valuations. This mix supported a broader risk-on tone, aided by a Dow Jones rally. Investors saw fewer near-term shocks to global trade and shifted into large caps, helping the index push toward its prior high.
How do bond yields affect the S&P 500 today?
Higher yields raise discount rates, which can weigh on long-duration assets like growth stocks. When bond yields ease, valuation pressure falls and earnings far in the future get valued more. That tends to support technology and quality defensives. Today’s yield dip added a tailwind, improving breadth and helping the S&P 500 today approach its record level.
What levels matter most for the S&P 500 today?
Key resistance sits near 6,980.35, close to the 52-week high at 6,986.33. A clear move above both could signal fresh momentum. First support is around 6,866 to 6,870, with the 50-day average near 6,829. A loss of those areas would warn that buyers are stepping back and that volatility may increase.
Should Swiss investors hedge US equity exposure now?
It depends on your horizon and risk tolerance. A CHF hedge can reduce currency swings, which is useful for shorter horizons or larger USD allocations. If you seek long-term USD exposure, an unhedged approach may fit. Many choose a blend, using CHF-hedged funds for stability and unhedged funds to benefit if the dollar strengthens.
What could derail the current risk-on tone?
A shift back toward tariffs, weaker economic data, or a sharp rise in bond yields could hit sentiment. Any reversal in trade headlines would likely add volatility. If yields jump, rate-sensitive sectors may lag and the index could retest support. Setting stops and scaling entries can help manage these event-driven swings.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
