𝗔 𝗥𝗼𝘂𝗴𝗵 𝗪𝗲𝗲𝗸 𝗼𝗻 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 – Vacation Can’t Come Soon Enough With trade tensions, corporate earnings, and the Fed’s meeting, markets had a turbulent week. Despite strong tech results, disappointing job data dragged indices into the red. 🔍 𝗪𝗲𝗲𝗸𝗹𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 1. 𝙏𝙧𝙪𝙢𝙥 𝙃𝙞𝙩𝙨 𝙬𝙞𝙩𝙝 𝙉𝙚𝙬 𝙏𝙖𝙧𝙞𝙛𝙛𝙨 On August 1st, Donald Trump imposed new tariffs on 69 countries, including Canada, Brazil, India, and Switzerland. Countries that negotiated with Washington, like the EU, were spared. 2. 𝙁𝙚𝙙 𝙃𝙤𝙡𝙙𝙨 𝙍𝙖𝙩𝙚𝙨 The Fed kept interest rates steady. But Jerome Powell took a tougher tone on a possible rate cut in September, citing inflation concerns. 3. 𝙉𝙤𝙫𝙤 𝙉𝙤𝙧𝙙𝙞𝙨𝙠 𝙋𝙡𝙪𝙣𝙜𝙚𝙨 The Danish pharma giant dropped 28.5% in July — its worst month ever — amid rising competition and negative signals. 4. 𝙈𝙞𝙘𝙧𝙤𝙨𝙤𝙛𝙩 𝙃𝙞𝙩𝙨 $ 𝟰 𝙏𝙧𝙞𝙡𝙡𝙞𝙤𝙣 Microsoft briefly reached a $ 4T market cap, driven by strong results and its strategic position in AI. 5. 𝙁𝙞𝙜𝙢𝙖’𝙨 𝙎𝙩𝙪𝙣𝙣𝙞𝙣𝙜 𝙄𝙋𝙊 Figma's stock jumped from $ 33 to $ 122 on its first trading day (+250%), with a $ 59B valuation. 📌 𝗤𝘂𝗶𝗰𝗸 𝗡𝗼𝘁𝗲𝘀 - Trump urged 17 pharma CEOs to lower drug prices by late September. - European banks are back: the Stoxx 600 Banks index hit a new high, surpassing its 2007 record. $NSDQ100 $SPX500