Krutika Adani
Crypto markets dropped sharply as Trump unveiled new “reciprocal” tariffs via executive order. Trade talks with China resume ahead of the August 12 review, adding to market unease and volatility risk.
A disappointing July jobs report has sparked speculation of rate cuts. All eyes are now on Jerome Powell’s speech at the Kansas City Fed forum, with markets hoping for clues on policy direction.
Watch out for July’s S&P Global Services PMI (Mon) and ISM Non-Manufacturing PMI (Tues). These will shed light on economic conditions following soft labor data—any sign of slowdown could spook markets.
Strong Q2 earnings from big tech and AI firms have supported sentiment—but more volatility may come as Palantir and AMD report this week. S&P 500 momentum could impact crypto indirectly