The S&P 500 has experienced a significant rise in 2024, reaching approximately 6,000 from a level of about 4,700. Despite this growth, market sentiment indicators suggest that the market is not yet at euphoric levels, with institutional investor surveys showing cautious optimism. The latest non-farm payrolls report presented mixed signals for the US labor market, with job creation surpassing expectations, but the unemployment rate increasing to 4.2% and a decline in labor force participation. Additionally, France's political landscape is marked by turmoil, with a fragmented parliament leading to a government collapse due to budget deficit issues, potentially impacting global markets.