Plenty of Buy-the-Dip excitement
Trial Balloons – Next Fed Chair thoughts
Excitement over China talks
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- Trial Balloons - Next Fed Chair
- Everyone loves to hate China these days
- Trump and Musk breakup
- Your DNA may be for sale
- Retail shares have wide earnings outcomes
- Plenty of Buy-the-Dip excitement
- Excitement over China talks - Lutnik is showing the thumb-up
- President Trump considering naming Treasury Secretary Scott Bessent to succeed Fed Chairman Jerome Powell after his term ends in May 2026, according to Bloomberg
- Just floating the idea (Trial balloon) at this point - YES!
--- Proof - Wait 45 minutes:
- White House official tells Reuters that Bloomberg reporting is "false" that Treasury Secretary Scott Bessent is being considered for Fed Chair
China - Everyone loves to hate
- China’s May factory activity unexpectedly shrinks as tariffs dent sentiment — worst drop since 2022
- China’s manufacturing activity in May shrank at its fastest pace since September 2022, a private survey showed Tuesday, as a sharper decline in new export orders highlighted the impact of prohibitive U.S. tariffs.
- The Caixin/S&P Global manufacturing purchasing managers’ index came in at 48.3, missing Reuters’ median estimate of 50.6 and dropping sharply from 50.4 in April. It fell below 50, the mark that separates growth from contraction, for the first time since September last year.