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Posted by
Two Blokes May 26 -
Filed in
General
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#TwoBlokesTrading
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US equity markets slumped this past week after the critical tax cut package narrowly passed the House but faced roadblocks in the Senate amid concern over the impact on deficits. Meanwhile, tariff-related commentary from the White House again turned hawkish following several weeks of dealmaking, as the 90-day negotiating "pause" is now over halfway complete with only one major deal. After threatening the European Union this week with a 50% tariff on June 1st amid disappointing negotiating progress, the White House extended the deadline to July 9th this weekend.
