Subscribe to Chatter
Chieftain Chatter
Chatter Blog
Not surprisingly Reverand Powell kept interest rates on hold and commented “there are many, many uncertainties left to resolve,” and the Feds rhetoric tempered expectations of a September cut from 65% to 45%.
The impost of 50% tariffs on copper imports into the US sent COMEX prices north of US$5.50 per pound, however, fortunately for Aussie producers the bulk of our production goes into China and Asia in general rather than the US.
The US market maintains it’s stellar run of outpermance with the “Magnificent Seven” mega tech stocks leading the charge, in particular, Nvidia which now has a market cap. of just under US$4 trillion and the likes of Apple, Microsoft, and Wedbush (Who?) not far behind.