Stock market today: Dow, S&P 500, Nasdaq slide after Trump picks Warsh for Fed; gold, silver plunge
View original at finance.yahoo.comStock market today: Dow, S&P 500, Nasdaq slide after Trump picks Warsh for Fed; gold, silver plunge US stocks slid on Friday as President Trump said he would nominate Kevin Warsh to lead the Federal Reserve, against a background of a rising dollar and a screeching halt to 2026's roaring metals rally…
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The market perception is that Kevin Warsh would be the relatively more traditional and less dovish option as Fed chair, in which case we might see fewer rate cuts
80% confidenceThe Fed should view tariffs as one-off price changes
80% confidenceConsumer credit health remained strong
80% confidenceWarsh thinks you have to lower interest rates
80% confidenceExxonMobil is a fundamentally stronger company than it was just a few years ago, and our 2025 results demonstrate that
80% confidenceWhen prices rise as rapidly as they have in the metals, deficits can shift fast
80% confidenceThe global memory shortage would hit future margins
80% confidenceThe Fed should discard its forecast of stagflation
80% confidenceThe higher metals rise, the more likely 2026 will mark enduring price peaks — notably for silver — if history is a guide
80% confidenceThe problem is volatility feeding on itself. As price swings intensify, liquidity thins
80% confidenceThis quarter's performance underscores our agility in capitalizing on better product mix, accelerating enterprise SSD deployments, and strengthening market demand dynamics
80% confidenceInflation is caused when the government spends too much and prints too much money, not when the economy grows too fast and workers get paid too much
80% confidenceOur transformation is delivering a more resilient, lower-cost, technology-led business with structurally stronger earnings power
80% confidenceCanada has used certification hurdles to effectively ban the sale of US Gulfstream jets
80% confidenceJerome Powell made unwise choices, such as missing the persistence of post-pandemic inflation
80% confidenceGold's move validates the cautionary tale of fast-up, fast-down. A correction was overdue
80% confidenceAI will be a significant force that will boost productivity and push down inflation
80% confidenceThe continued surge across metals, especially gold and silver, is entering a dangerous phase
80% confidenceThe move of corporate insiders has proven to be a powerful signal on forward returns of stocks. Executives are seeing risks and using this as an opportunity to harvest gains, which investors should take note of
80% confidenceKevin Warsh will go down as one of the GREAT Fed Chairmen, maybe the best
80% confidence
Data points we hold from this source
| Exxon Mobil Corporation · revenue | 82.31 billion_USD |
| Exxon Mobil Corporation · production volume | 4.7 million_barrels_per_day |
| Exxon Mobil Corporation · capex | 29 billion_USD |
