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21.07.2025 09:13 AM
Not long ago, Donald Trump could send Wall Street into turmoil with a single social media post. Now, he is threatening to fire the Fed chair and remove the firewall protecting US and global markets, yet equity indices are shrugging off rumors of Jerome Powell’s possible resignation. Why? Is it a summer lull? I fear there’s more to it. The S&P 500 is acting rationally. It has grown accustomed to the president’s eccentricities and sudden pivots. No matter how serious
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