The second half of the week came in hot, with two major events on our radar: the Producer Price Index (PPI) release and the Trump-Putin meeting.
PPI: A Surprise Upside
We got better-than-expected PPI data, which begs the question—are we finally seeing the inflationary effects of Trump’s tariffs? It’s a valid consideration, and one that could weigh heavily on policymakers as they decide whether to cut rates in September. Personally, I wouldn’t want to be in their shoes right now—lol.
Trump Meets Putin: All Optics, No Substance
The Trump-Putin meeting wasn’t really giving, to be honest. The most dramatic moment? Trump flexing with a stealth bomber flying over Putin’s head. That was a serious power move. But beyond the theatrics, there wasn’t much substance. We heard there was “progress,” but no concrete outcomes. Must be nice to be rich enough to fly across the globe for a meeting and leave with nothing definitive.
Weekly Market Wrap
Risk-on assets ended the week in the red. Equities, crypto, the DXY, and precious metals all closed lower. I wasn’t spared either—woke up to my palladium trade down 1.82%. If anyone’s hiring, I’m available!
That’s all for this week. Enjoy your weekend, and let’s regroup on Monday for our weekly outlook.
Disclaimer: This is not financial advice. The content shared here reflects my personal opinions and observations on current market events. Please consult a licensed financial advisor before making any investment decisions
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