Harj
05-20

Powell was appointed by Trump during his first term as President. The entire world knows the greed of Trump and how he was pressuring Powell to reduce the interest rates to promote investment. However, Powell resisted this as an independent decision maker to reduce inflation economy despite open threats of his removal by Trump. The new appointee Marsh may not be able to dictates of Trump as he has only a casting vote to lower or increase interest rates. If the interest rates go down then AI and Cripto shares will bounce but if investors lose confidence in independence of Federal Reserve it could be counter productive. Gulf war is impacting the world as such the market will see-saw on daily basis.

SPY Falls 0.8%; U.S.-Iran Tensions and Hynix Selloff Combine — Is the Pullback Deepening?
The S&P 500 ETF (SPY) fell 0.77% to $749 as all three major indices closed lower. Two headwinds converged: the Trump administration's renewed Iran blockade reignited Strait of Hormuz tensions, with 'U.S.-Iran war fears resurfacing,' while SK Hynix's crash triggered a semiconductor and memory sector stampede that dragged down heavyweight tech names. Risk-off sentiment drove capital into defensive assets. With geopolitical conflict and AI bellwether selloffs pressing simultaneously, is this pullback from recent highs a brief flight to safety — or the opening move of a larger-scale correction?
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