Nothing Burger.
Ahead of a risk-filled big few days in tariff-world, stock markets were jittery at the opening bell on Monday, not helped by yet another massive plunge in the price of Tesla shares on the back of Musk’s apparent dive back into politics. Things got worse for stocks as a chaotic wave of different tariff proclamations began to come out, including for Japan and South Korea which were each slapped with 25% by letter, taking effect on what appears to be the latest new drop-dead date of August 1st following another deadline extension from July 9th (cue: the return of the TACO narrative). The indexes…
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