Welcome back to Market on Close. I'm Marley Caden here in Chicago alongside Sam Bodis at the New York Stock Exchange. To close out our show today, just some final thoughts on the session and some headlines that stood out to both myself and to Sam.First, of course, Micron's earnings coming up, a top and bottom beat there and better than expected guidance, but also Federal Reserve Chair Jerome Powell. He reiterated today concerns about the softening labor market that continue to outweigh worries about rising ...

European Market & Fiscal Policy - Europe is shifting towards a more aggressive fiscal spend on arms over the next decade or longer, presenting a significant structural tailwind for European fiscal expenditure [2] - The implementation of this increased spending will take time, and some sectors might anticipate the investment too quickly, as it's a structural rather than a short-term tailwind [2][3] - European equities' rally has stalled in the last two to three weeks, struggling to maintain momentum [3] Currency Impact on Investment - A US dollar investor buying European stocks unhedged on their currency exposure has gained roughly 12% in the past five months solely from currency exposure [4] - The depreciation of the US dollar is expected to continue, contributing to the underperformance of US stocks compared to international markets [5] - US stocks have underperformed by approximately $8 trillion, partly due to currency factors [6] - Unhedged European stocks are likely to outperform US stocks for US investors, but in local currency terms, this outperformance is not guaranteed [7] Federal Reserve & Monetary Policy - The market is eager to see potential rate cuts by the Federal Reserve [8] - The Federal Reserve appears divided, with conflicting comments from officials, potentially influenced by pressure to cut rates sooner [9]