Trump & Powell 'tense' / Bessent-FED review / U.S claims strong / France & Palestine / #TSLA crypto #PUMA #FX !

Stéphan
Jul 25
2 min read

Markets : new highs still, low vol squeeze up still, though consumers are starting to pull back on discretionary service spending names, fun fact : the S&P500 is down 4% this year in EURO's, Trump suddenly says it's not necessary to fire Powell, but pressed Jerome to cut during 'tense' FED visit (embarrassing TVee show)..ECB on pause, rates steady, ever so slightly 'hawkish' (less easing priced ahead), month-end flows slowly taking over, watch out for a few 'owned' positions going into it
Bessent : The Fed is losing $100 billion a year. Now, it is blowing even more taxpayer money on out-of-control building renovations. Time for an internal review
Thailand launches airstrikes on Cambodian military targets as deadly border dispute escalates
US ‘strongly rejects’ French plan to recognise Palestine, Saudis hail ‘historic decision’
Mike Johnson says he’s has a “concern” the Epstein files were “doctored” under the Biden administration. They know what’s coming and they’re scrambling to spin it
U.S Initial claims for jobless benefits fell last week/running below their year-earlier level. Continuing claims continue to point to a slightly less tight labor market compared to a year ago
The U.S. has collected an additional $55 billion in tariffs this year. Corporate America has largely shouldered the bill rather than consumers or foreign suppliers (WSJ)
Demographic / China Eco - Chinese kindergartens in crisis as enrolments plunge 25% in 4 years - Demographic decline hits vast education system as drop-off in births leads to school closures-FT
Boom fades for US clean energy as Trump guts subsidies
U.S Japan trade deal hinges on fund that remains a puzzle..
#TSLA Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions
Puma shares dive after warning of full year loss, someone should be fired for not hedging its FX exposure..