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By A.I.
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- Bonds: Long-term Treasury yields rose and short-term yields fell after President Trump fired Fed Governor Lisa Cook opening the gap between 5-year and 30-year yields to its widest point in three years.
- Stocks: Equities barely budged on the latest FOMC drama with investors’ attention fully focused on Nvidia earnings tomorrow afternoon.
- Trade Craft: President Trump vowed retaliation against countries that apply a digital services tax against US tech companies. He may also slap a 200% tariff on China if that country restricts trade on rare earth magnets.
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Filed under: economics, finance, Financial Planning, Glossary Terms, Investing, Portfolio Management | Tagged: bonds, China, fed, FOMC, Lisa Cook, Nvidia, stocks, trade craft, Trump |
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