🌍 Market Highlights This Week

1. Tariff Turbulence Resumes

U.S. announced a 35% tariff on Canada and planned duties for other major trading partners, extending the Trump administration’s aggressive trade policy. Equities and crypto surged (Bitcoin hit fresh highs), while bonds and gold reflected caution—highlighting a sharp divergence in sentiment across asset classes
Bill Eggert+6Investors.com+6Wall Street Journal+6AP News+15Reuters+15flexibleplan.com+15.

2. Global Resilience in Equities

Despite trade tensions, U.S. markets closed the week at or near record highs, supported by strong tech earnings, AI optimism, and expectation of Fed rate cuts. The FTSE 100 also hit a new record high in the UK
.

3. Bond Yields Creep Higher

Treasury yields have edged up off mid‑June lows (~4.24%) and now hover around the mid‑4.3% range, as tariff and fiscal risks temper expectations for imminent policy easing
.

4. Gold Holds Its Ground

Gold rose (~0.6% today), extending gains driven by trade uncertainty and safe-haven flows. Nevertheless, upside may be limited if equity markets continue to outperform
Saxo.

5. Mixed Signals Ahead

Strategists label the market outlook a “roller coaster” — buoyed by AI trends and earnings but vulnerable to policy shocks, including tariffs, Fed decisions, and inflation surprises
.

---

🔭 What to Watch Next Week

• Central Bank Data: Watch for Fed meeting minutes and PCE inflation updates to gauge policy shifts.

• Corporate Earnings Wave: Early Q2 reports from big banks and tech firms may reset sentiment.

• Trade Policy Watch: Monitor tariff deadlines (e.g. August 1) and global diplomatic responses for market triggers.

---