Trump once again urged Powell to cut interest rates, claiming that nominating Powell during his first term was a mistake. In fact, he doesn't need to urge now, as the Fed is almost certain to cut rates in September, and the market has already begun to expect a cut of more than 0.25%, possibly 0.5%. Bessenet has publicly stated that he feels optimistic about this. The on-chain betting regarding the Fed in September shows an 80% probability of a 0.25% cut. Interestingly, the probability of a 0.5% cut has been rising recently and has reached 7%.

The account is up nine points today... Awesome!