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📈💥 Powell’s Safe (For Now)… But the Market’s Getting Weirder
Markets closed green across the board after Trump almost fired Fed Chair Jerome Powell—then reversed himself hours later. Traders got whiplash. But with cooler PPI data, quantum stocks going vertical, and J&J crushing earnings, bulls shrugged it off.
🔍 Here’s what went down:
Powell Panic: Trump hinted at firing Powell, then backpedaled. Dow jumped +0.53%.
PPI Eases: 0.0% MoM, YoY cools to 2.3% = relief rally.
$JNJ Earnings: Beat + raised guidance = +6.2%.
Quantum Hype: $RGTI +30% after new multi-chip launch. Hype = real.
Crypto Tailwind: Stablecoin legislation heats up. Bitcoin climbs to $119K.
Whale Watch: $SPY puts, $CVNA meme calls, and dark pool fireworks.
💡 T&G Take:
Markets aren’t bullish — they’re hedged, twitchy, and addicted to chaos. And Trump? He’s still the VIX whisperer.
📅 Next Up:
Thursday: $TSLA earnings + jobless claims
Friday: Retail sales
July 31: FOMC decision (strap in)
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