TOPSTEPTV 7:20 AM CST - Today and every day!
TUESDAY: There is always opportunities for success
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White House Official: Tariffs won't stack.
In Plain English:
If the U.S. already has a tariff on a certain product or import from a country (say, 25%), and there's talk of new tariffs being announced, they wonโt be cumulative. So the rate would stay at 25%, not increase to 50% or more.
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The EU is exploring a potential deal on cars to offset US car exports against imports, according to EU sources.
The EU could secure baseline tariff exemptions for aircraft and spirits in US trade deal, according to EU sources.
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US 3-Month Bill Auction
High rate 4.255%
Bid-to-cover ratio 2.75
US sells $87 bln
Awards 34.25% of bids at high
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US 6-Month Bill Auction
High rate 4.145%
Bid-to-cover ratio 3.00
US sells $77 bln
Awards 47.39% of bids at high
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The US Dollar starts the week higher, supported by safe-haven flows amid tariffs fears.
The US is set to formally notify over 100 countries of new tariffs by July 9, with implementation scheduled for August 1. - FXS
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Oil prices fluctuated between gains and losses after OPEC+ agreed to a larger-than-expected output rise next month, with Brent oil up 0.6% to $68.70 per barrel.
The benchmark had dropped as much as 1.6% earlier in the day.
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TOPSTEPTV 7:20 AM CST - Today and every day!
MONDAY: New Vision. New Ideas. New Opportunities
On the Menu Today: MP, Coach Jay, Coach Dakota, James M, Coach Vince, Anne Marie, Virginia D, Mandy F, and the rest of the Topstep Unusual Suspects.
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Trade tensions are back on investors' radar, with Trump promising to put unilateral tariffs on dozens more countries in the coming days.
US authorities have signalled that increased duties will begin on August 1st, although Treasury Secretary Bessent has suggested that some countries may be allowed a three-week exemption.
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The June jobs report does little to reconcile a hazy outlook for Fed cuts besides very likely torpedoing whatever chance there was of a July cut, particularly if stocks continue to push to new highs - WSJ Reporter Timiraos
June Jobs Report Likely to Extend Fedโs Summer Pause - WSJ.
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TOPSTEPTV 7:20 AM CST - Today and every day!
THURSDAY: USA Holiday weekend - Time to re-energize!
On the Menu Today: MP, Coach Ray, Coach Dakota, Coach Jay, Baron, Bobby T, and the rest of the Topstep Unusual Suspects.
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Israel on Wednesday indicated that President Trump was correct about it agreeing to "the necessary" conditions for a ceasefire in Gaza. "We said yes to Special Envoy Witkoff's proposals," Israeli foreign minister Gideon Saar said while speaking to reporters during a state visit to Estonia.
-NBC
China's steel industry is redirecting its exports to Russia, with a significant increase in value, due to weak domestic demand and Russia's need for specialized and construction-grade steel amidst declining domestic production.
Sanctions imposed on Russia following its invasion of Ukraine have led to a substantial decrease in its steel production and a struggle to find new export markets, while simultaneously facing an influx of cheap Chinese steel. - OP
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The House is voting on the main amendment to the rule. It's an opportunity for Republican opponents to kick this back to the committee/block the Senate OBBBA. This is not their last one. If this passes, the main vote on the rule is next
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Ever had your strategy dialed in the Combine & get funded & then make a mistake or bust out right away never reaching a payout? โBack2Fundedโ will address this situation and be a game changer and our biggest new opportunity at Topstep. T minus. (and we ainโt done after that)