The stock market is in a new era: As trade wars start and stop, volatility is soaring and the S&P 500 is swinging $1+ trillion PER DAY. Markets are in one of their greatest trading environments of all time
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Boston Fed President Collins says there’s no hurry to cut rates further: “We’re seeing continued growth near trend, an economy that’s much more closely aligned, and a labor market where I see the indicators as suggesting we’re near full employment, and that’s a good place to be.” “That means, in my view, that it’s really appropriate for policy to be patient, careful, and there’s no urgency for making additional adjustments, especially given all of the uncertainty.”
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BREAKING: Palantir shares pop 10% after company posts strong earnings and outlook. Earnings per share: 14 cents, adjusted vs. 11 cents expected. Revenue: $828 million vs. $776 million expected. The company said it expects revenue of between $858 million and $862 million, ahead of an LSEG estimate of $799 million. For the full year, Palantir forecast sales of $3.74 billion to $3.76 billion, topping the $3.52 billion average estimate
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Hedge funds dumped US equities for a fifth straight week, according to data from Goldman Sachs Group Inc.’s prime brokerage, as the AI threat from China’s DeepSeek and Trump’s promise to impose steep levies on America’s biggest trading partners rippled through markets. The funds ramped up short sales in single stocks and long sales in macro products, the data show
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BREAKING: Mexico’s president says tariffs will be PAUSED for 1 month after her discussion with President Trump. As part of pausing tariffs, Mexico will:
Deploy 10,000 national guard troops to help secure border
Work with US on “security and business”
Markets are surging on the news
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The British pound (GBP) has strengthened against the euro (EUR). Economic challenges in major Eurozone economies like Germany and France have weighed on the euro. Trump’s tariffs are expected to weigh more on Europe than the UK. President Trump has explicitly stated that tariffs on the European Union (EU) will “definitely happen” while has been more cautious about imposing tariffs on the UK
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