US stocks and the dollar plunged again as President Donald Trump intensified his attacks on the US central bank boss calling him “a major loser” for not lowering interest rates. In a social media post, Trump called on Federal Reserve chair Jerome Powell to cut interest rates “pre-emptively” to help boost the economy, saying Powell had been consistently too slow to respond to economic developments. “There can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” he wrote. Trump’s criticism of Powell’s handling of the US economy comes as his own plans…
Author: Emily Carter
The S&P 500 surged 2.1% on Friday, its largest gain since the post-election rally, following another week of tariff threats. Despite Friday’s gains, the S&P 500 closed its fourth consecutive week lower, the longest losing streak since August. Conflict is escalating in the Middle East, more he US are striking Houthis in Yemen in an effort to enable ships to use the Suez. Energy led US sectors, while consumer stocks lagged. China was the best performing region. Fixed income yields were relatively flat this week. Gold surpassed $3,000 for the first time. Crypto remained weak, with Ethereum underperforming significantly this…
President Donald Trump has finally delivered on his campaign rhetoric by imposing sweeping tariffs, signaling a dramatic shift toward protectionism. He announced a 25 percent tariff on goods from Canada and Mexico and a 10 percent tariff on China, stating that the opportunity to reach a deal had passed. Not content to stop there, Trump imposed a 25 percent tariff on European and other countries’ steel and aluminum products and threatened other allied countries with more tariffs. The fallout was swift. Canada responded with 25% tariffs on U.S. products, pulled American liquor from store shelves, and even threatened to cut off electricity to U.S. states, prompting Trump to consider doubling tariffs on Canadian steel and aluminum. Meanwhile,…
Less than a week after breaking the $2,900 per ounce barrier, gold has surged past $3,000 per ounce, driven primarily by deepening economic uncertainty. The S&P 500 has entered correction territory, tumbling over 10 percent from its recent highs as fears of a slowdown grip markets, with persistent inflation and sluggish growth stoking concerns of stagflation. Trade tensions have escalated once again, with wildly vacillating tariff threats — including a 200 percent duty on European wines and spirits — fueling uncertainty and rattling global supply chains. Meanwhile, a growing schism in the political and military ties between the United States…
Don’t underestimate the power of compounding; a seemingly small increase from 7.5% to 10% yields 2.5x the initial investment over 20 years. Many UHNW individuals unknowingly lose substantial wealth long-term due to disorganized financial affairs (Hayden Capital via The Curious Mind). Rates forecasts illustrate the unpredictability of the future (@Aureliusltd28). Great weekend listen. Will make you a bit worried about the direction of equity markets. Your periodic update on the Toronto condo market. It will get worse before it gets better. Paying over $1M for 585 sqft is where this went wrong in the first place (@BenRabidoux). The broader real…