Wall Street (finally) seems to have reached the point where Trump’s talk of trade war no longer has any effect on investor sentiment. The indifference has extended to the Fed’s statements about the state of the US economy yesterday, because Powell only repeated what he had said a few days after the central bank meeting that decided on the third consecutive reduction in interest this year. It’s time for a pause and that should change if the behaviour of the world’s largest economy shows signs of weakening.
Photo by Jayme Mccolgan.
President Trump’s announced another “pearl” as he said that the US-China trade agreement is “moving along rapidly,” after news of a stalemate in talks due to a lack of understanding of the amount of US agricultural products that China will acquire. “Fortunately,” as I said earlier that investors are (apparently) already vaccinated against the US President’s epidemic of lies, and little or no regard was given to his statements, thus leaving Wall Street without much cause for significant variation. With the main indices almost unchanged, except for the Dow Jones, only because of Disney‘s appreciation, one day after the Disney + streaming service went into effect.
