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- Deals: Stocks popped at the open yesterday on the news that Canada has rescinded the digital services tax in order to lure the US back to the negotiating table. Meanwhile, Bloomberg reported that the EU will accept a 10% universal tariff in exchange for some key concessions.
- Stocks: The S&P 500 and the NASDAQ both hit new record highs today, with the S&P 500 wrapping up its best quarter since Q4 20
- The Fed: President Trump published a handwritten note asking Jerome Powell to cut interest rates, even as the White House considers new ways to replace the Fed Chair. Meanwhile, Goldman Sachs now sees the chances of the Fed cutting interest rates in September as “somewhat above 50%.”
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Filed under: "Ask-an-Advisor", CMP Program, finance, Financial Planning, Funding Basics, Glossary Terms, Investing, Portfolio Management | Tagged: Bloomberg, Brew Markets, CMP, deals, EU, fed, FMOC, Goldman Sachs, NASDAQ, Powell, S&P 500, stocks, tariffs, Trump |
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