Volatility Ensues As Trump Denies Threat To Fire Powell

MRKT Matrix - Wednesday, July 16th

• S&P 500 rises in volatile session as Trump denies he is firing Powell (CNBC)
• Trump Effect Starts to Show Up in Economy (WSJ)
• Hassett Grabs Pole Position in Race to Be Trump’s New Fed Chair (Bloomberg)
• US Producer Prices Stagnated on Decline in Services Costs (Bloomberg)
• Goldman Posts Best Stock-Trading Quarter in Wall Street History (Bloomberg)
• Trump Says Drug Tariffs Probable by Aug. 1, Downplays More Deals (Bloomberg)
• ASML Hedges Growth Outlook for 2026 as Trade Wars Weigh on Sales (Bloomberg)
• Microsoft’s Copilot Is Getting Lapped by 900 Million ChatGPT Downloads (Bloomberg)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs