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[CNBC] Stocks are little changed after 3-day win streak for S&P 500: Live updates [Yahoo/Bloomberg] Gold Reaches Fresh Record as Rate-Cut Hopes Draw Investor Demand [Yahoo/Bloomberg] US Bonds Halt Losses Since Fed Meeting as Focus Turns to Powell [Yahoo/Reuters] Oil Declines for Fifth Day as Supply Concerns Come to the Fore [Yahoo/Bloomberg] An $800 Billion […]
The MAGA agenda has been so broad in its sweep that both proponents and opponents tend to view it monolithically. This is understandable given that all its elements fit rationally under the MAGA umbrella. However, it does have many components. Many of these components are accurately represented by the cabinet heads Trump has put in […]
[CNBC] Stocks fall to start the week after Dow, S&P 500 hit fresh records: Live updates [Reuters] Gold Punches to Record on Rate-Cut Outlook as ETFs Draw In Flows [Yahoo/Reuters] Powell, Miran among slew of Fed officials speaking this week as policy shifts [Yahoo/Bloomberg] Trump’s Visa Shock Strains India-US Ties, Clouds Trade Talks [Yahoo/Reuters] Hedge […]
[Yahoo Finance] Fed’s Powell, Miran set to speak with stocks at record highs: What to watch this week [Yahoo/Bloomberg] Trump says meeting Democrats to avert shutdown unlikely to help [Yahoo/Bloomberg] Investors Turn to Derivatives for US Corporate Bonds As Issuers Can’t Keep Up [Yahoo/Bloomberg] Popular Hedge Fund Options Strategy Attracts Contrarian Bets [CNBC] What we […]
The Foothills of Stagflation Over recent months, HAI has repeatedly suggested that the Trump administration, by national security necessity, looks very likely to pursue policy prerogatives that prioritize addressing our most critical, long-ignored national vulnerabilities. Those critical priorities include the revitalization and reshoring of America’s severely atrophied manufacturing base and a significant reduction in the national debt-to-GDP […]
[Reuters] Wall St Week Ahead: US housing shares shine as Fed restarts rate cuts [Yahoo/Bloomberg] Trump Predicts Government Could ‘Very Well’ Shut Down Oct. 1 [Yahoo/Bloomberg] Trump to Add New $100,000 Fee for H-1B Visas in Latest Crackdown [CNBC] Steve Bannon floats idea of Bessent running both Treasury and the Fed [Reuters] China sticks to […]
The market came into the week pricing a 3.63% year-end Fed policy rate. After Wednesday’s 25 bps rate cut, the market ended the week pricing the same 3.63% rate. Wall Street received the cut they beckoned for. Job growth has slowed meaningfully, while inflation remains significantly above target. As Chair Powell put it: “So we […]
