BLOOMBERG Bloomberg Markets Balance Of Power July 14, 2024
Intraday s p 500, going into the trading session we were higher. Investors excited for the fed commentary. Around the time of 8 00 when china came out with its tariffs headlines, talking about it would place additional tariffs on 75 billion dollars worth of u. S. Goods including cars, soybeans, and oil, we see lower. Then jay powells preprepared remarks did come out, being perceived as dovish. We see the s p 500 verse higher and then President Trumps tariff tweets came out talking about he will respond this afternoon, a big leg lower. At session lows. Now we have all three major averages on pa...