The US dollar fluctuated after the non-farm payrolls data, initially gaining but then losing ground, especially against the euro and pound. Investors are cautious ahead of potential US-EU negotiations. – vtmarketsmy.com
The Atlanta Fed indicates a slight GDP increase to 2.6%, influenced by improved consumer spending and government expenditures. These shifts could affect market expectations and economic forecasts awaiting the July report. – vtmarketsmy.com
Scott Bessent emphasized market sentiment over economic theories, stating tariffs haven’t hurt inflation. He warned of potential rate changes, highlighted the UK as a stable trade partner, and noted job report variability’s impact. – vtmarketsmy.com
Bessent predicts US GDP growth will outstrip government debt increases, challenging CBO estimates. With a crucial tax bill vote approaching, market volatility may rise, impacting rates and equities significantly. – vtmarketsmy.com
US Deputy Treasury Secretary Faulkender warns that Japan’s non-tariff barriers are burdening trade. As Secretary Bessent prepares to speak, market caution increases amid regulatory tension affecting pricing and investment strategies. – vtmarketsmy.com
Major stock indices, led by the Russell 2000’s 3.3% gain, are set for weekly gains as investors shift focus from tech to value and smaller-cap stocks, signaling renewed market confidence. – vtmarketsmy.com
Inflation in the U.S. is expected to remain high for an extended period, prompting the Federal Reserve to adopt a “wait and see” approach. Consumer psychology and business hesitancy complicate the economic landscape. – vtmarketsmy.com
Mixed job reports show local government gains but declines in goods-producing roles, complicating interest rate cuts amid inflation risks. Watch yields and currency movements for market direction. – vtmarketsmy.com
The US tech sector is booming, led by Nvidia and Broadcom, while Tesla and healthcare stocks lag. Strategic investing in semiconductors and software, along with hedging against declines, is key for investors. – vtmarketsmy.com
The US dollar briefly surged after positive employment data but quickly lost ground. Traders are reducing dollar exposure, indicating a shift in sentiment, despite rising yields and changing rate expectations. – vtmarketsmy.com
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