Fed faced same risks in ‘99 as today…
June 1999. The Fed is concerned about:
-Rampant equity speculation and its impact on wealth (SPX PE 24x, today 23x)
-Too tight labor markets (UR 4.3%, today 4.1%)
-Too high wage growth (ECI 3.5%, today 3.6%)
-Inflation (Core CPI 2.3%, today 2.8%).They hiked from 4.75% to 5%. pic.twitter.com/A4uqxyIYmH
— Danny Dayan (@DannyDayan5) July 7, 2025
S&P 500 market breadth near the worst level this century 🚨🚨 pic.twitter.com/fPtWKXBpjb
— Barchart (@Barchart) July 8, 2025
Trump's letters to Japan and South Korea demonstrate a complete lack of understanding of trade. Tariffs have nothing to do with America's trade deficits with either nation. Japan's tariffs on U.S. goods average less than 2%, and Korea's average less than 1%. Our trade deficits…
— Peter Schiff (@PeterSchiff) July 7, 2025
3Y auction and consumer data today. Bond Bulls need to defend the long end now or they could lose control of the bond market. Potential H&S in the 30Y pic.twitter.com/xiUgszyycJ
— Simon Says (@Seniorstrategen) July 8, 2025