*****************************************************************************

*                       FIEND'S SUPERBEAR MARKET REPORT                     *

*                                 July 3, 2025                              *

*                                                                           *

*                       e-mail: fiendbear@fiendbear.com                     *

*                    web address: http://www.fiendbear.com                  *

*****************************************************************************

Fiend Commentary

================

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
[Return to the Fiend's SuperBear Page]