#GDX #SILJ laggers / #USD through key tech support / Riksbank cuts / FED: 88bps priced for '24 ahead of JH

Kamala Harris will push to increase the corporate tax rate to 28% from the current 21%, This has been a fairly standard Dem position since Trump cut the rate from 35% (and arguably even before then), which is not a huge surprise, they would need a Dem's congress in order to enact, as it will be a non-starter for GOP
FED update : 98bps or so priced in for 2024 and about 190bps over next 12mos..
Donald Trump said he'd want Elon Musk in his Cabinet
Americans paid for the Trump Tariffs—and Would Do So Again/CATO Institute
Iran-backed Palestinian groups claimed responsibility for what they said was a “suicide mission” in Tel Aviv on Sunday, and warned of further such operations as long as Israel maintains its military campaign in Gaza
SPX5600 : The panic round trip is over. Things from here are much more tricky. 5600, give or take, is huge, and acts as a resistance. Supports are 5500, 5450, and then the big 5400 area >>> so no rate cut needed anymore with SPX back on ATH's ??
USDollar stays soft overall, showing signs of breaking through some big tech levels, market been long USD carry for nearly 2years..GOLD keeps on trucking, Silver not far behind, and XPT too should join in >>> #GDX been lagging - better value from here together with #SILJ
ECB may need to cut rates again in September, Rehn says..and EZ current account surplus at €50.5B in Jun. That's a record high >>> 1.20+ eurusd ?? 1.50 Cable ?
Riksbank cuts 25bps, and opens doors to cut at each meeting this year, as expected