Comments from the White House
- Biden admin will consider full range of tools to bolster energy market resilience
The strategy around energy from this administration has been comical.
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White House: OPEC seems unwilling to use its power to help global recovery
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Crude oil is moving to new lows and tilting the technical bias more to the downside
- Trump approval rating on the economy craters
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- Nasdaq index giving up gains. Falls back below the 200 hour MA disappointing the buyers
- US stock market gains fade quickly as chip names reverse lower
- US May existing home sales 4.17m vs 4.07m expected
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