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- Stocks: The multi-day rally wavered this afternoon as investors turned their attention to big tech earnings tomorrow. The S&P 500 closed at a record high, while the NASDAQ finally broke its hot streak.
- FOMC: Treasury Secretary Scott Bessent sees no reason for Jerome Powell to step down, while President Trump tempered his outrage against the Fed chair. Instead, well-known economist Mohamed El-Erian took up the gauntlet.
- Trade: Bessent said China may get an extension to make a true trade deal, while promising a “rash of trade deals” in the coming days. Speaking of, Trump declared the US has made a deal with the Philippines capping import levies at 19%.
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Filed under: "Doctors Only", Alternative Investments, CMP Program, finance, Financial Planning, Funding Basics, Investing, Portfolio Management, Risk Management | Tagged: Bessent, China, deals, DJIA, DOW, El-Erian, NASDAQ, Powell, S&P 500, stocks, trade, Trump, US |
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