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Stocks (and gold) shot up in response to Powell’s talk, and Treasury yields declined in the wake of his comments, so let’s hope he follows through on this view.
The commerce secretary had already confirmed the administration’s plan regarding Intel but had not mentioned whether the plan would extend to other chipmakers.
Based on hopes of the Ukraine war ending – plus other factors – the major stock indexes are up an average of 2% in 1st half of August – normally a weak month.
Stocks (and gold) shot up in response to Powell’s talk, and Treasury yields declined in the wake of his comments, so let’s hope he follows through on this view.
The commerce secretary had already confirmed the administration’s plan regarding Intel but had not mentioned whether the plan would extend to other chipmakers.
Based on hopes of the Ukraine war ending – plus other factors – the major stock indexes are up an average of 2% in 1st half of August – normally a weak month.