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Author: Timer321   😊 😞
Number: of 2034 
Subject: The Tail No Longer Wags The Dog
Date: 08/21/2025 8:57 AM
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Breaking News in the NYT

U.S. and E.U. Agree on Details of Trade Deal
The U.S. and the E.U. published much-anticipated details of their trade agreement, which would keep high tariffs on European cars.

The Dow futures were down 175 at 8am when this landed in my inbox. The Dow futures are now down 179.

The business, financial, and economic conditions are in action now with no reprieve from the White House.

It is early, but the gamble is that our goose is cooked.
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Author: Timer321   😊 😞
Number: of 2034 
Subject: Re: The Tail No Longer Wags The Dog
Date: 08/21/2025 9:00 AM
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https://finance.yahoo.com/news/live/stock-market-t...

Meanwhile, a continued slide in Big Tech stocks is still a worry, even after the Nasdaq on Wednesday showed signs of a reprieve, coming firmly off session lows as buyers jumped in. Short sellers have reaped over $5 billion from bets against techs as AI fears rippled through markets.

Dimmed rate-cut hopes are also weighing on minds after minutes from the Fed's July meeting signaled that sticky inflation rather than a faltering labor market is the main concern for policymakers. There was broad support for holding rates steady, despite a growing divide at the Fed.
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