Huh. Who knew? From CNBC,
Even with high tariffs, Trump’s trade war suddenly is starting to look not so scary on Wall Street.
“Suddenly.”
Economists cite a strong global growth backdrop, a less-than-expected inflationary impact of the tariffs and a general easing in financial conditions as reasons for why the landscape looks less dire.
“Economists” have been wrong every inch of the way so far, so guess we should take their word for it, now.
Meanwhile, Yahoo reports
US stocks eked out records Monday in relatively muted trading session as the US and European Union struck a trade pact…The S&P 500 rose just above the flatline to post a sixth consecutive day of record closes.
But not all is well in the world of finance. From the New York Post.
Rifle-toting NYC shooter Shane Tamura kills 5 —including NYPD officer — injures six before turning gun on himself at Blackstone, NFL HQ.
Reportedly, the shooter was found dead on the 33rd floor of the building in midtown.
Yikes!
