When Bei Sen Te also embraces MAGA, Wall Street understands that "Trump 2.0" has no "guardrails" anymore.
Formerly seen as a moderate by Wall Street, Treasury Secretary Basent unexpectedly became one of the strongest advocates for the "Trump 2.0" agenda. Some viewpoints suggest that Basent's downplaying of financial market concerns indicates that no one in the administration is willing to stop Trump's strong measures to reshape USA economic policy, stating that "any safeguards that existed in the first administration no longer exist."
'Corrections Are Healthy,' Bessent Says, Dismissing Market Worries After a Dismal Week
The "left side failure" of the dollar curve - when the dollar is no longer a safe haven.
The shift of "excessive privilege" from U.S. debt to U.S. stocks, along with the resulting risk-averse environment that leads to synchronized fluctuations of the dollar and U.S. stocks, has caused the "left side" of the dollar smile curve to gradually become ineffective.
Apollo's chief economist: In the coming weeks, the USA economy will face a series of shocks.
Torsten Slok stated that the recent soft data in the USA is showing signs of weakening economic activity, which may soon affect the performance of hard data; the current USA economy also faces two major shocks from government layoffs and increased tariffs, and inflation levels are expected to remain high for a long time. It is anticipated that Powell will express more concerns about the "weakness of hard data" at the FOMC meeting on the 19th, focusing on growth issues.
Executives from multiple Industries warn: USA Consumer demand is weak, and economic uncertainty is increasing.
Executives from multiple Industries are warning that the Consumer market in the USA is showing signs of fractures, and the strong Consumer demand that once supported economic growth is weakening.
New York foreign exchange market: The US dollar is expected to continue to decline this week, while the fiscal agreement boosts the euro's rise.
As global stock markets rise, the dollar has retreated. Currently, the USA government is expected to avoid a shutdown before the weekend, although disagreements regarding the spending plan still exist within Congress.