Intro
Markets were already keyed up for a big Friday, absent any retaliatory tariffs from China or tweets from the President.
Powell delivered his message quite effectively. I discuss his performance in my report: Powell Earns High Marks. The initial market response was pretty muted.
And Then...
Well, next President Trump took to Twitter.
Now, China had deftly timed its announcement to levy $75B in tariffs on US farm goods to roughly coincide with Chair Powell's speech, and also to directly precede President Trump's departure for a G7 meeting in Biarritz, France.
Suffice