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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.

Recent

Washington Wire

US 10-Year Yield Hits 2025 Low As Traders Boost Rate-Cut Bets

Treasuries rallied, led by 10-year yields dropping 10 basis points as traders boosted bets on Federal Reserve interest-rate cuts.

FundFocus

Significant Risks To The Market Could Cap Gains And Challenge Confidence

The U.S. stock market continues its upward trajectory, but significant risks could cap recent gains and challenge investor confidence.

Washington Wire

Why Stock Market Worries About Tariff Uncertainty Might Be A 'Red Herring'

The stock market is trading near record highs, but the vibes feel off.

TAMPs

The Truth About the TAMP Transition Process

Advisors interested in leveraging the time savings, cost efficiency, and investment management benefits of a modern TAMP don’t need to let the fear of an arduous transition hold them back. Below, we address three common misconceptions about TAMP transitions to help you make a more informed decision.

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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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