Is Powell Just a Speed Bump on Trump’s Road to ā€œI Told You Soā€? This week doesn’t come with a flood of data, but don’t get comfortable there’s still plenty brewing beneath the surface. All eyes are on the U.S. CPI report dropping Wednesday. If inflation shows signs of cooling, Trump’s long standing criticism of Powell might start looking a lot more validated. Suddenly, the Fed’s resistance to cutting rates looks shaky, and markets will smell blood in the water. Risk assets would eat that up stocks, crypto, you name it. And then there’s the quieter but equally important standoff: the U.S. China rare earth drama. The U.S. wants faster exports of critical elements for tech, defense, and EV batteries. China approved some licenses over the weekend, which might seem friendly, but let’s not pretend this tension is going anywhere fast. Any breakthrough here could light a fire under tech stocks and push the Nasdaq and S&P 500 higher. On the crypto front, Bitcoin needs to hold above $107K. If it does, we could see a run toward $110K. Some profit taking would be normal but that level could be a launching pad, not a ceiling. So I’ve got a few questions: Is Powell really calling the shots anymore, or is Trump’s narrative gaining ground? Is China playing nice, or just playing us? And are you watching this market closely or are you going to realize what’s happening after it’s already priced in? Watch closely. This quiet week might be louder than it looks.
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