The S&P 500 and Nasdaq stock indexes have reached record closing highs, marking their best quarterly performance in over a year. This rally has been driven by easing investor uncertainty amid hopes for trade deals and potential interest rate cuts. The strong U.S. jobs data further bolstered market confidence, with Nvidia's shares surging and its market capitalization nearing $4 trillion. Over the past three months, the S&P 500 has gained approximately 24%, a level of short-term performance seen only a few times since 1980, including in years such as 1997, 1998, 1999, 2009, and 2020. The market has also outperformed global risk sentiment indicators by over 4% cumulatively in recent weeks. Historical data suggests that when the S&P 500 rises more than 25% after a correction of at least 15%, forward returns tend to continue positively, with a perfect record of positive six-month returns in 18 post-World War II instances.