Express News | US Jun. CPI YoY +3.5% Vs +3.8% Forecast, Prior +4.2%
Express News | Markets are nearly fully pricing in expectations of a Fed rate hike before September.
Express News | Trump called on the Senate to pass the Clarity Act as soon as possible in honor of the late Senator Lindsey Graham.
Cashed out over $1.4 billion in crypto! Has Trump already 'rebalanced his portfolio'? While fueling global market volatility, he is aggressively buying traditional stocks and bonds.
Trump's latest financial report shows that his traditional stock-and-bond portfolio has quadrupled. After cashing out $1.4 billion from high-risk ventures, his team swiftly channeled the profits into safe-haven markets. By positioning in traditional assets amid political turbulence, his business empire has completed a new round of wealth extraction.
Goldman Sachs Q2 Outlook on U.S. Semiconductor Stocks: Fundamentals Remain Strong, but Market Tolerance for Errors Has Declined
Goldman Sachs' Q2 outlook on U.S. semiconductor stocks and key highlights to watch in their second-quarter earnings reports. Goldman Sachs' core thesis: fundamentals still have room for upward revision, but the bar for trading has been raised. This aligns with yesterday’s July market outlook regarding earnings season logic: “The key point this earnings season is that expectations are already very high, leaving little margin for error. Exceptionally high expectations mean the market not only requires companies to beat estimates but also to significantly raise guidance.” (Related reading: July U.S. Equity Outlook: AI trades enter a 'gear-shifting phase,' transitioning from broad enthusiasm to an ROI reckoning.) In its Q2 preview commentary on U.S. semiconductor stocks, Goldman Sachs stated that the central variable of earnings season has shifted from 'this
Can the CLARITY Act still pass this year? What obstacles remain?
The CLARITY Act failed to pass by July 4, and the window for its enactment before the midterm elections is rapidly closing. If the bill does not pass before the midterms, and Democrats gain control of Congress afterward, they are likely to demand significant revisions to the legislation.