Wall Street traders are fueling the so-called “run-it-hot” trade, according to The Wall Street Journal. They are betting on an economic rebound driven by tax cuts and rate reductions despite slowing job growth and tariff pressures. The Dow crossed 46,000 for the first time, and the S&P 500 and Nasdaq also hit records, led by high-valuation tech and meme stocks. Nvidia, Tesla, Palantir, and Opendoor are among the most-traded names. Gold closed at a record $3,649.40 a troy ounce, driving a 39% gain this year, the largest jump since 1979. Supporters point to consumer resilience and the AI boom, while skeptics warn profits may disappoint if growth slows.
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