Silver still undervalued against gold despite price rally
Upcoming Fed interest rate cuts are countered by weaker seasonality
Political concerns weigh on French government bonds again
S&P 500 (still) immune to high punitive tariffs
US stock market has caught up, but only in local currency
Unstoppable government debt
The supporting factors of recent weeks are gradually fading
Horizon Handout August
Rumors of the Fed chief's dismissal moved the markets on Wednesday
Stock markets are (too) relaxed about the deadline for the tariff pause
