Dazed And Confused.
Confusion reigned on Wall Street and around the world after the previous Friday’s appellate court decision confirming that IEEPA tariffs are illegal. The exchanges were closed on Monday, but the general sense in the futures market was that, while the smart money was not going to immediately freak out, it was going to have to keep a close eye on how things evolve here.
There was also the small matter of the crucial jobs data release coming up on Friday to think about as well as ongoing concerns about the independence of the Federal Reserve in the light of Trump’s audacious attempt to oust…
The skinny
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