Show notes
Amidst all the noise, markets haven’t had time to digest 5 key macro news:
1) Elon Musk announces formation of ‘’America Party’’
2) Speaker Mike Johnson: "We're gonna have a second reconciliation package in the fall, and a third in the spring of next year..."
3) President Trump: ‘’ “Stock markets are now at all-time high -- we’re going to maintain it, believe me.”
4) Bessent: We could appoint new Fed chair in January, nominating in October
5) OMB Director Vought sends official letter to Powell saying ''Chairman Jerome Powell has grossly mismanaged the Fed''
Musk’s America Party might as well…
Website: themacrocompass.substack.com