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Bring On The Warsh

by Scott Martin Contributor
When the White House announced that Kevin Warsh had gotten the nod and the nomination to succeed Jay Powell as Fed chair, risk markets took a step back. Evidently the "goldilocks" traders who can't tolerate anything but perfection were disappointed once again. But those who argued that the problem with Warsh is that he's going to be an accomplice to the politicization of monetary policy missed some crucial data points. If people were really worried about the Fed becoming a rubber stamp for easy money and happy voters, they'd keep dumping the dollar for gold.

Featured

Oracle Says It Plans to Raise Up to $50 Billion in Debt and Equity This Year

Oracle expects to raise $45 billion to $50 billion in 2026 to build additional capacity for ​its cloud infrastructure, the software company said.

Warsh’s Return Revives Tensions Over the Fed’s $6.6 Trillion QE Hangover

As Trump mulled his choice for Fed Chair the debate in markets swirled around whether pick would lower interest rates as aggressively as he preferred.

Microsoft’s $381 Billion Rout Exposes Dark Side of the AI Binge

(Bloomberg) - Wall Street’s apprehension about the cost of developing artificial intelligence technology has been simmering beneath the surface of the stock market for months. Now it’s starting to boil over.

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Portfolio Construction

Top Ranked Tech ETFs in Focus

Technology has the highest revenue exposure to foreign markets—over 58%—and therefore remains vulnerable to trade conflicts and global growth slowdown

Portfolio Construction

Here’s how to play the trade war with ETFs

Looking for an investing strategy as the U.S.-China trade war rolls on? There may be an ETF for that.

Portfolio Construction

Cannabis Sector ETFs Continue to Struggle

With the exception of just the large MJ and the Horizons HMMJ, no other ETFs have come even close to reaching critical mass.

Portfolio Construction

Investors Pushed $2.6 Billion into Gold ETFs in July, According to World Gold Council

Gold ETFs have been shining through a gloomy market as investors poured billions of dollars into this asset category in the face of rising uncertainty

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Economy

BofA’s Hartnett Warns Overbought Global Stocks Face Sell Signal

Companies

JPMorgan, Bank Of America Announce $1,000 Trump Account Match As Corporate America Support For Retirement Scheme Deepens

Washington Wire

IRS Owes Some Taxpayers Refunds For Pandemic-Era Penalty Tax Relief, Watchdog Audit Finds

The Trust Advisor

Prince Andrew’s Daughters Beatrice And Eugenie ‘Angry’ As $60 Million Inheritance ‘Wiped Out’

Economy

The Dollar Could Have Further To Fall As Its Decline Creates A ‘Double-Edged Sword’ For America

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