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* FIEND'S SUPERBEAR MARKET REPORT *
* July 3, 2025 *
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* e-mail: fiendbear@fiendbear.com *
* web address: http://www.fiendbear.com *
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Fiend Commentary
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Stocks
Hold Highs as Silver Surges, Trump-Powell Feud Escalates
The S&P 500 and Nasdaq closed Wednesday at new
all-time highs, extending the market’s remarkable rally. In early Thursday
trading, silver prices climbed back above $37 an ounce, hinting at renewed
investor interest in precious metals as the dollar continues to languish near
multi-year lows.
Oil prices are also firming, edging back toward $70 a barrel as
traders weigh geopolitical risks and signs of slowing growth. Meanwhile, the
dollar is barely holding recent lows, reflecting widespread expectations of
upcoming Fed rate cuts.
Markets were shaken Wednesday by ADP’s weak private payroll
numbers, deepening fears the U.S. economy could already be sliding into
recession. Attention now turns to Thursday’s key nonfarm payroll report, which
could offer critical confirmation or relief.
Adding to the uncertainty, Donald Trump renewed his calls for
aggressive rate cuts, publicly clashing with Fed Chair Jerome Powell and even
threatening to replace him before his term ends. The feud injects fresh
political drama into a market already balancing record equity prices, economic
warnings, and a fragile dollar.
Weekly Market Summary Page
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