Miran has staunchly defended Trump’s tariffs in the past, arguing in August that the “doom and gloom” expectation from tariffs “just hasn’t panned out.”
Speaking to reporters at the White House, the U.S. President reiterated that the benchmark interest rate “should be much lower,” ahead of the Federal Reserve’s decision scheduled for Wednesday.
After a sharp deterioration in market breadth on Friday, Monday brought a moderate recovery. However, the bounce lacks conviction, with several key indicators stalling or weakening on a broader timeframe. The overall trend remains fragile and warrants a neutral breadth trend rating.
