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Macro Outlook for Next Week: Trump Creates Tension, Powell to Meet Alone

Summary: Despite ongoing missile exchanges between Israel and Iran, last week saw President Trump announcing a delay in striking Iran, along with Fed Governor Powell expressing support for a rate cut in July. This led to a strong opening for US stocks, which later dipped due to chip stock drag. The S&P 500 fell by 0.22%, ...

Despite ongoing missile exchanges between Israel and Iran, last week saw President Trump announcing a delay in striking Iran, along with Fed Governor Powell expressing support for a rate cut in July. This led to a strong opening for US stocks, which later dipped due to chip stock drag. The S&P 500 fell by 0.22%, Nasdaq by 0.51%, while Dow Jones narrowly closed higher with over 2% support from Apple.

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