Republic Risk: The New Narrative

Equity Storm Watch Is YELLOW on the S&P 500 and RED on the Russell 2000

Markets are celebrating the idea this morning of Chairman Powell gassing up the clown car and heading over to Capitol Hill, where his upcoming testimony has investors hopeful for hints of monetary easing. As a result, futures are up, led by strong performances in the tech and semiconductor sectors, with the S&P 500 and Nasdaq aiming to build on recent record highs. Attention will be squarely on Powell's remarks about the Fed's rate path as signs of a slowing economy emerge. This comes just ahead of the CPI and PPI data set to be released on Thursday and Friday, while major banks prepare to unveil their Q2 earnings, setting the tone for what's expected as we head into the dog days of summer.

Dear Fellow Expat: 

I was reading my usual round-up this morning, and the headline now suggests…

Markets need to be worried about overvaluation… economic news… and the political front. I don’t disagree with the latter, but this mar…