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Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal’s AI avatar, Palvatar.
Markets React to New U.S. Tariffs & Powell’s Testimony
Trump just made good on his promise—a 25% tariff on steel & aluminum imports is now official, impacting all countries with no exemptions. The EU is already preparing countermeasures, fueling fears of an escalating global trade war.
🏛️ Powell testifies before Congress today—investors will dissect every word for clues on the Fed’s next move, especially as inflation risks grow.
🇬🇧 UK retail sales jump 2.5% YoY, the strongest in two years, but concerns remain as retailers face £7B in rising costs.
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