US President Donald Trump's latest tariffs announcement has sent shockwaves across the Asian region, with the imposition of 10 to 41 percent "reciprocal tariffs" against nearly 70 trading partners signaling a fresh tide of protectionism that will hurt developing economies
A Federal Reserve governor, Adriana D. Kugler, has announced she will resign from the Fed effective Aug. 8, several months ahead of the end of her term in January.
*FED WILLIAMS: LABOR MARKET STILL SOLID IN MY VIEW, WILL GO INTO SEPTEMBER MEETING WITH AN "OPEN MIND" *FED WILLIAMS: SEES TAILWINDS & ECONOMIC GROWTH DEVELOPING IN 2026
Hot July vs. August. With the lone exception of 1980, every NASDAQ 'Hot July' since 1971 was followed by a retreat that averaged 5.8% from July's close to a subsequent low in the second half of the year.
Breaking news: Adriana Kugler is unexpectedly stepping down from the Federal Reserve's powerful board of governors, creating an early vacancy that will give President Trump an early opportunity to shape the Fed's leadership.
Find someone who will help push interest rates DOWN. I also don't want to hear from any of the Ivory Towers , entitled people in the mentions that are not directly impacted by high cost to borrow an inflation
NEW: The labor market is worse than previously thought, with the latest data showing the U.S. created about 106,000 total jobs in the past three months, the weakest pace of growth since the onset of the 2020 pandemic.
Holy crap the job numbers with revisions for the past two months are catastrophic. Anticipating possibly a fully negative jobs revision for July in the coming months.
July was a historic month for investors: The Nasdaq Composite reached 14 all-time highs in July, the most for any July on record, according to data. That's double the total in 2024 and surpasses previous July records set in 1977 and 1997. At the same time, the S&P
15 Likes
Reward
15
5
Share
MevWhisperer:
It still has to rise. If it hits the bottom, consider me defeated.