Worth considering.
source: essential mastery
President Trump has said the United States has officially reached a trade deal with the European Union.
➡️ The trade deal will include 0% tariffs, the EU buying $750B of US energy, and reduced automotive tariffs to 15% with an understanding that the EU will purchase more US vehicles. ➡️ The US and EU have struck a tariff deal that will avert a transatlantic trade war between the two sides but still impose American tariffs of 15 per cent on most imports from the bloc. ➡️ As part of the deal the EU has also agreed to spend hundreds of billions of dollars on additional US energy products and weapons, in exchange for the broad 15 per cent levy that covers many European exports including cars. ➡️ The agreement was struck following a meeting on Sunday between US President Donald Trump and European Commission president Ursula von der Leyen at his Turnberry golf resort in Scotland. 🎯 The deal marks a victory for Trump, who has spent months forcing America’s trading partners into bruising negotiations by threatening steep tariffs, although the terms are in line with what Brussels had told EU member states to prepare for. “This is probably the biggest deal ever reached in any capacity, trade or beyond trade,” Trump said as he announced the agreement. “Today’s deal creates certainty in uncertain times . . . for citizens and businesses on both sides of the Atlantic,” von der Leyen said, adding that the 15 per cent US tariff would apply to European cars, pharmaceuticals and semiconductors — important products for Brussels. 👍 Japan done, EU done, China closer to getting done with another 90 day tariff pause… If we can get Canada, Mexico, Australia & South Korea soon… 🚀 bullish Source: FT
‼️ Pretty BIG week ahead in terms of central bank rate decisions
➡️ The Fed and the Bank of Canada are both expected to hold rates steady on Wednesday at 4.50% and 2.75%, respectively. ➡️The Bank of Japan is also anticipated to hold its rate unchanged at 0.5% on Thursday. Source: Bloomberg, Global Markets Investor
$NVDA nvidia is a beast.
Source. Jesse Cohen on X
In germany, hopes are high for a quick trade deal with the US ahead of next Friday’s deadline.
With a trade surplus of €69bn, Germany is even willing to accept an asymmetrical deal — one where European exports face a 15% US tariff, while American goods enter Europe duty-free. Source: HolgerZ, Bloomberg
The US has the highest central bank rate of any developed market.
Here’s a detailed look at current global policy rates: Source: bespokeinvest
Retail investors are winning big this year – meme stocks are back.
The Goldman Sachs Meme Stock Index, which tracks some of the market’s most shorted names, is up 39% – a full 30 percentage points ahead of the S&P 500. Even the Goldman Sachs Retail Favorites Index, packed with stocks popular among small investors, has outperformed the broader market. Source: Bloomberg, HolgerZ
In Germany, the latest Ifo Business Climate Index suggests the economy is holding up surprisingly well despite rising tariffs.
The index edged up from 88.4 in June to 88.6 in July – slightly below expectations (89.0). This marks the 7th consecutive monthly improvement, this month driven mainly by better assessments of current business conditions. However, underlying growth remains weak. According to Capital Economics, the survey results remain consistent w/a GDP contraction based on long-term historical patterns. That said, the Ifo has not been a reliable predictor of GDP in recent years. Source: Bloomberg, HolgerZ
