RT Mel Mattison (@MelMattison1)MMT 101: You finance the gov't at ultra-low short-term rates. This keeps interest expense as % of GDP in check even as overall debt levels rise. Other reasons: HELOCs tied to SOFR, wants to unlock $12T+ in home equity to juice economy. Corporates can issue floaters, also tied to short-term rates. I could go on. But feel it somewhat pointless as all people want to do is claim some sort of intellectual superiority to DJT rather than see the driving force behind his motivations. ...

Trade and Tariffs - The Trump administration is issuing tariff demand letters, totaling 22 letters so far, to ignite negotiations with some nations and political standoffs with others [1] - Brazil was hit with a 50% tariff, leading to political tensions as the Brazilian president views it as a political message [1][15] - The market is uncertain about tariffs, with only a handful of deals signed and details obscured; many countries are under pressure to deliver concessions to the U S by August 1 to avoid higher tariffs [1] - The U S has already collected billions of dollars in tariffs, estimated to reach around $300 billion by the end of the year, which is a little over 1% of the U S economy [41] - The market does not fully believe President Trump's statements about tariffs, and uncertainty around trade policy remains high [11][12] - The negative effects of tariffs may not be as bad as initially priced into the market, but the top-line benefits promised may not materialize [5][13] - The most important trade deal for the White House to present is with Europe, given its status as the largest investor in the U S and the complexity of needing approval from 20 different countries [21][22] Market and Economic Impact - Tech stocks, industrial stocks, and NASDAQ are at record highs, with NVIDIA up 40% since Trump tariffs [2] - The S&P 500 closed at a record high, while industrial stocks were less than 1% from achieving a record high [4] - Market gains are primarily driven by big tech companies like Microsoft, Amazon, and NVIDIA [6][7] - Smaller companies in the Russell 2000 and S&P 500 mid-caps are struggling and not near record highs, indicating a lack of broadening in the rally [8] - Imports to the U S represent roughly 13%-14% of GDP, with only a small portion covered by tariffs so far, making the impact visible but not necessarily prominent [15] - The uncertainty surrounding tariffs is making the Federal Reserve wary of cutting rates too quickly [17] Geopolitics and Policy - Secretary of State Marco Rubio met with his Russian counterpart to express disappointment with Vladimir Putin over attacks on Ukraine [1][23] - American-made weapons have resumed shipments to Ukraine, including artillery shells and mobile rocket artillery missiles [29] - The U S has not given Ukraine any U S F-16s but has okayed allies to do so [34] - The Justice Department has opened criminal investigations into former FBI Director James Comey and former CIA Director John Brennan [23] - A federal judge in New Hampshire blocked President Trump's effort to limit automatic birthright citizenship, reinstating protections that were paused last month [71] Agriculture - For American farmers, President Trump's tariff policy is a mixed bag [50] - Corn prices are under $4, and soybean prices are under $10, reflecting a market with a surplus and a lack of demand [51] - China did not meet the goals and requirements of the Phase One agreement during the first Trump administration [51] - The U S agriculture relies on several hundred thousand farmworkers, primarily in specialty crop and dairy areas [54] - Changes to the SNAP program could reduce farm income, as $020 of every food dollar spent at a grocery store ultimately ends up with a farmer [63]

Peru kept interest rates unchanged as its economy comes under threat from Donald Trump’s plan for a 50% copper tariff https://t.co/w9m3o3gMKc ...

Market & Policy Landscape - Markets favor certainty, and with the budget resolved and some tariff issues addressed, the environment is becoming clearer [3][4] - The venture market is showing signs of renewed liquidity after four years of stagnation, driven by a more friendly FTC, encouraging IPOs and M&A [5] - Tech regulation primarily occurs at the state level, often overlooked in favor of federal politics [9] Crypto & Digital Assets - The market momentum of crypto makes it difficult to assess using traditional logic [11] - The acceptance of crypto by the federal government, including banks' involvement in stablecoins, raises questions about future growth potential [12] - Proactive positive movements by the SEC and the White House on crypto suggest further bullish potential [13] Regulatory Environment & Industry-Specific Issues - Deregulation by the Trump administration could resolve regulatory issues, contrasting with the hands-off approach of the Biden administration [8] - The Genius Act, a stable coin act, has passed the Senate but awaits House approval, with the market potentially pricing it in [6] - Autonomous trucking faces regulatory hurdles, with the US DOT yet to issue sensible interstate regulations [8]

Core Points - Nu Holdings' shares fell 4.5% to close at $13.03 on July 10, with a trading volume of approximately 107.8 million shares, which is about 79% above its 50-day average volume of 60.1 million shares [1] - The decline occurred despite broader market gains, with the S&P 500 up 0.27% and the Dow Jones Industrial Average up 0.43%, while competitor SoFi Technologies rose 3.7% [2] - Nu Holdings remains above its 50-day ($12.64) and 200-day ($12.49) moving averages, with a year-to-date gain of approximately 25.8%, indicating a longer-term upward trend [3] - The decline may be attributed to multiple factors, including potential growth slowdown, inflation concerns, and rising interest rates in Latin America, with increased trading volume suggesting institutional repositioning or profit-taking [3]

the politics around capitalism or a rigged system also matter and have only gotten more significant. You went off on this on this very channel on these airwaves about this combination and I say this in the context of a Democratic party that is increasingly looking at alternatives to actual capitalism even though that sounds radical to some people. We saw that in New York primary. Uh let's take a look at what you said. An entire integrated system, financial system, trading system, taxing system that was crea ...

JPMorgan’s CEO is worried Wall Street is underestimating the potential for higher interest rates.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Such a thing is a “cause for concern,” said Jamie Dimon, whose commen ...

Group 1 - The "duration trade" was highlighted as a significant investment strategy in 2023, betting on the decline of interest rates after a record increase in the previous year [1] - This trade reflects a broader market sentiment that interest rates, which had risen sharply, would eventually need to decrease, impacting various financial instruments [1] Group 2 - The article does not provide specific company or industry insights beyond the discussion of the duration trade and its implications for interest rates [2] - There are no detailed financial metrics or performance indicators related to specific companies mentioned in the article [2]

🇺🇸 FED BOARD MEMBER WALLER JUST SAID THE FED CAN CONSIDER CUTTING INTEREST RATES THIS MONTH.LETS FUCKING GO !!!! 🚀 https://t.co/ltL6ELxPaP ...

roughly 8 million student loan borrowers can now expect to see interest charges resume. It's going to start August 1st. The Department of Education says interest will pick back up for those borrowers.This is under the SAVE plan. It's after payments have been on hold for nearly a. ...