JUST IN: The dollar is experiencing its sharpest first-half decline in at least 40 years. The ICE Dollar Index has decreased by over 10% in 2025, and the WSJ Dollar Index has fallen by 8%, marking the worst performance since 2002.

This drop is attributed to worries about Trump's tariffs, the independence of the Federal Reserve, and increasing U.S. debt, which are impacting the primary global trade currency.

Some analysts believe the selloff may be exaggerated and foresee a rebound, while others caution about a potential deeper decline as more investors protect against further dollar weakening.

JUST IN: Bessent warns that nations should be prepared for a potential return to April 2 tariff levels. If countries remain uncooperative, tariffs might increase again.

The S&P 500 has recently hit new all-time highs

But the % of stocks above their 200-day moving average is still around 51%

Indicating that the current rally has not seen broad market participation, increasing the risk of a pullback

Greed is back on Wall Street

Bloomberg’s Fear/Greed gauge hit 298 — the highest since March 2024 — after jumping ~800 points in 10 weeks.

CNN’s index is at 65, nearing “extreme greed,” while $VIX is down 73% from April, now at 16.3.

You can’t make this up:

President Trump just issued a handwritten note to Fed Chair Powell.

The note calls Powell “too late” and shows how US rates “should be here,” pointing at other countries’ rates.

Trump says “we should be paying 1% interest, or better.”

Are 1% rates coming?

Markets hit new highs, but risks are rising

Worries like Deepseek and tariffs are now in the rearview mirror as stocks keep climbing.

But with markets looking overheated, the chance of a short-term pullback is growing. Stay cautious.

JUST IN: The S&P 500 has closed above 6,200 for the first time in its history.

The S&P 500’s $SPY 24% surge from the edge of a bear market just gave the US equity benchmark its best quarter since December 2023.

JUST IN: Trump comments on Elon Musk and electric vehicle subsidies.

Speculators bet big against the U.S. Dollar

Short positions on the U.S. Dollar have surged to over $20 billion — the largest bearish bet in more than two years.

Speculators sharply raise Brent crude short bets

Short positions on Brent crude jumped by the most in a year, signaling growing bearish sentiment in the oil market.

JUST IN: JPMorgan reports that Tesla's demand likely remained weak in the second quarter, projecting 360,000 deliveries, which is a 19% decrease year-over-year and below the 392,000 consensus. The firm identifies a significant risk to Tesla's full-year delivery targets as the second half would need an unusually strong recovery. Challenges include affordability concerns and possible reductions in EV credits. JPMorgan reduced its 2025 earnings per share forecast to $1.75 from $2.07 and its 2026 projection to $2.40 from $2.85, anticipating further declines in estimates.

JUST IN: The Euro has reached its highest value against the US Dollar since 2021.

JUST IN: U.S. Treasury Secretary:
A vote on the tax bill (Big Beautiful Bill) is expected today.

Trump:
I hope the “BBB” gets passed today.

JUST IN: President Trump on electric cars just now:

"Who wants an electric car? I don't want an electric car. There's one problem with it, it explodes."

Trump bought a Tesla at the White House less than 3 months ago.

JUST IN: Tesla shares fell to a three-week low, declining by 7.1%.

JUST IN: Powell stated that 2025 is evidently a significant year with many events occurring.