The View from 5th Avenue – 7 July 2025

Investors weren’t given much time to digest the 150 million hot dogs that were consumed in the US over the weekend before the tariff volatility kicked in (shoutout to Joey Chestnut who ate 70.5 dogs in 10 mins). Just two days before the July 9th deadline the administration sent out tariff letters to multiple trading partners who have yet to agree to a trade deal, stating specific levies on imports that will take effect August 1st. Japan and South Korea were the two most notable trading partners…

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