Goodbye, Powell! Amid domestic and global uncertainties, Kevin Warsh officially took over the Fed on May 22. He said at his inauguration ceremony that he would “lead a reform-focused Fed” and emphasized his commitment to taming inflation. Today, with oil prices still hovering around $100, Warsh faces huge challenges. The whole market is watching how…
Month: May 2026
How Long Will This Memory Chip Rally Last?
The S&P 500 and Nasdaq hit another new high, but the Mag 7 can barely push higher. Memory chips are driving this current stock market rally. Starting last September, DRAM prices have tripled! Microsoft and META, on the other hand, keep underperforming the broader market. Higher upstream costs are eating into these companies’ profits. Anyone…
Kevin Warsh Hearing: Is the Fed About to Change?
Every trader lives under the same sky. That sky is the Federal Reserve. In about half a month, Jerome Powell will step down. The likely successor is Kevin Warsh. Young, ambitious, and ready to make a mark. As the saying goes, a new leader brings new changes. And Warsh is not holding back. He is…