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Wall Street has waited all week to hear every word the man who has yet to capitulate to President Donald Trump. Fed boss Jerome Powell took the stage for the last time as the top central banker in the USA on Friday at a resort town in Wyoming called Jackson Hole.
Wall Street has waited all week to hear every word the man who has yet to capitulate to President Donald Trump. Fed boss Jerome Powell took the stage for the last time as the top central banker in the USA on Friday at a resort town in Wyoming called Jackson Hole.
It was a week of the expected and the unexpected, with Donald Trump predictably unpredictable about who cops what tariffs.
It’s been a positive week for stocks but it’s not crazy to ask are we approaching a crossroad with stocks? There is one road leading to a US and global economy slowdown because of the Trump tariffs, which has to create a one-off rise in inflation in the States.
It was a week of the expected and the unexpected, with Donald Trump predictably unpredictable about who cops what tariffs.
It was a week of the expected and the unexpected, with Donald Trump predictably unpredictable about who cops what tariffs.
It was a week of the expected and the unexpected, with Donald Trump predictably unpredictable about who cops what tariffs.
It was a week of the expected and the unexpected, with Donald Trump predictably unpredictable about who cops what tariffs.
Optimism was turbocharged on Wall Street this week, with good economic data and a US tariff deal with Vietnam all being positively reinforced by President Trump’s One Big Beautiful Bill (OBBB) passing through both the Senate and House of Reps.
Donald Trump remains the human curveball that can make or break stocks. This week’s gains were helped by his surprise bombings of Iran and the truce between the warring parties in the Middle East. All of this was then helped by news that the President’s press secretary, Karoline Leavitt, said July 9 was not a “critical” deadline date for tariffs to be imposed of the USA’s trading partners. TACOs, anyone?
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