Weekly Commentary: One Serious Silly Season
2025-07-26 03:45:21 ET
Just another week in Bizzarro Bubble World. Trump and Powell, donning construction hard hats, bicker in front of the cameras about the cost of the Fed's refurbishment project. The spectacle made for interesting headlines: AP: "Trump and Powell publicly bicker over renovation costs as president pressures central banker." NYT: "Powell Fact-Checks Trump on Cost of Fed Renovations." FoxNews: "Trump tours Federal Reserve, confronts confused Powell about renovation price tag." CNN: "'It's not new': Jerome Powell corrects Trump over building plan."
Entertaining as it was, the extraordinary construction-site Trump and Powell encounter still lost the news cycle to The Return of Meme Stock Madness.
Bloomberg ran with simple: "Meme Stocks are Back." Business Insider: "Historic Short Squeeze Drives Latest Meme Stock Rally, Goldman Sachs Says" and "Here's ChatGPT's Advice on How to Sport the Next Meme Stock." CNBC: "Meme screen: Heavily shorted small stocks that are starting to rip this week."...
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Weekly Commentary: One Serious Silly Season
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