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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

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.

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.

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

Tax Protection

As Federal Budget Deadline Approaches, Tax Policy Discussion Intensifies

Tax policy discussions intensifying in D.C., with significant implications for high-net-worth individuals, business owners, and financial advisors.

Portfolio Construction

Asset Managers Churn Out Defense Funds Once Deemed Uninvestable

As governments across Europe ratchet up defense spending, money managers who previously judged the sector too controversial to touch are taking note.

Direct Indexing Channel

Orion: Direct Indexing As The Key To Business Transition Planning

With clear language, a step-by-step framework, and compelling visuals, you’ll have everything you need to demonstrate the value of tax-aware investing — empowering clients to take action and plan with confidence.

Direct Indexing Channel

TCJA’s Potential Sunset: What It Means For Tax Planning

Several TCJA provisions are slated to sunset at the end of the year if Congress doesn’t act. Read on for an overview from Natixis of important changes and what to expect from President Trump’s tax agenda.

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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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