President Donald Trump took to Truth Social early Tuesday morning to clarify that he did not leave the G-7 summit early to work on a ceasefire between Israel and Iran, auguring a gap down for the major equity indexes at the opening bell.
Fair to middling incoming economic data did little to change the short-term trend and will do nothing to alter the Federal Reserve's present course, with mixed messages from "soft" surveys and "hard" sources reflecting near-universal uncertainty about tariffs and their impact on inflation.
