
Trade Watcher
Trade Watcher
Rumor: Jerome Powell might resign later today and the Trump administration will move to cut rates immediately after
Jerome Powell (Fed Chair) will not comment on the economy or interest rate outlook in his speech.

Trade Watcher
US trade deficit shrinks sharply
In April, the US goods trade deficit fell to $87.6B — the smallest since September.
Imports dropped by a record $68.4B amid new tariffs, while exports hit an all-time high at $188.5B.
A sharp turnaround from March, when companies rushed to import goods ahead of expected tariff hikes.
In April, the US goods trade deficit fell to $87.6B — the smallest since September.
Imports dropped by a record $68.4B amid new tariffs, while exports hit an all-time high at $188.5B.
A sharp turnaround from March, when companies rushed to import goods ahead of expected tariff hikes.

Trade Watcher
Trade Watcher
China’s Foreign Minister met with the U.S. Ambassador and expressed hope that he would help promote healthy, stable, and sustainable bilateral relations.
Trump to hold talks with Xi Jinping on Friday.

Trade Watcher
Hedge Funds Cut Exposure to the Magnificent 7 to 5-Year Lows
Institutional investors are pulling back from the biggest tech names — Apple, Microsoft, Nvidia, Amazon, Meta, Google, and Tesla — reducing their positions to the lowest levels in at least five years.
A major rotation underway or just hedging before the next move?
Institutional investors are pulling back from the biggest tech names — Apple, Microsoft, Nvidia, Amazon, Meta, Google, and Tesla — reducing their positions to the lowest levels in at least five years.
A major rotation underway or just hedging before the next move?

Trade Watcher
Elon Musk Slams Trump’s “Big, Beautiful Bill”
“I’m sorry, but I just can’t stand it anymore,” Musk posted, calling the bill a “massive, outrageous, pork-filled Congressional spending bill” and a “disgusting abomination.”
The billionaire’s harsh words signal growing frustration with government spending — even when it comes from Trump.
“I’m sorry, but I just can’t stand it anymore,” Musk posted, calling the bill a “massive, outrageous, pork-filled Congressional spending bill” and a “disgusting abomination.”
The billionaire’s harsh words signal growing frustration with government spending — even when it comes from Trump.

Trade Watcher
Trade Watcher
Rumor: Jerome Powell might resign later today and the Trump administration will move to cut rates immediately after
Trump is once again pressuring Powell