Letters from Washington continue to hit the mailroom, but today’s batch did not have as much impact as Monday’s. The Philippines and Iraq were the headliners of the seven released, and markets took them in stride. Except for the initial drop Monday at noon, investors have taken a patient approach to the initial July 9th tariff target date (now pushed to August 1st) and continue to assess where the current market sits. Indexes made all-time highs last week and are not far from those levels while…
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