All-Time Highs – Bizarre Logic – Dear Mr. Prime Minister…
11Jul2025
It was very encouraging that Europe, UK, and China were the leading stock markets in a relatively quiet week…until overnight Trump decided to attack Canada with tariffs again in a largely incoherent letter, which we show you. As a result the complacency in US equities of recent weeks will be tested in the hours and days immediately ahead. Copper also came under tariff attack, a nonsensical action which will feed the risk of a difficult stagflation environment, as we explain. READ ON.
By Brian Dennehy
Access Level | public
Market commentary