Nvidia surged 3.9% this week, trading early Friday at record highs. Adding 0.7%, the Nasdaq100 closed the week at an all-time high (up 22% y-t-d). While below June’s record high, the Semiconductor Index’s 3.7% weekly rise pushed 2026 gains to… Read More ›
Warsh agreed to increase interest rates and “take some accommodation away” implying monetary policy is still too loose and inflation is not coming down.
They’re on a perilous path. And my analysis is not political. This is about a rapidly deteriorating global bond market environment, with a U.S. President/administration champing at the bit to overstep every boundary, to disregard all constraints, and to defy every limit. Unhinged Friday got us one full step closer to a crisis of confidence.