Monday Morning Must-Knows - August 4, 2025

Monday Morning Must-Knows by Trading Academy

August 4, 2025

Trump Slaps Canada With 35% Tariff

Last week brought market turbulence amid an ongoing bull rally. As anticipated, volatility hit ahead of the August 1st trade tariff deadline. President Trump shocked markets by imposing a 35% tariff on Canada, heightening trade tensions and uncertainty—potentially delaying future U.S. rate cuts. The FOMC held rates steady, but Friday ended with a steep sell-off in the S&P and NASDAQ. Despite the drop, optimism remains for a continued bull market once major trade deals are resolved.

This week, all eyes shift to earnings—especially in the energy sector. Key names include Palantir, Diamondback Energy, AMD, Caterpillar, Disney, Eli Lilly, and Constellation Energy. Friday will be quiet on earnings. 

No major U.S. economic data is expected, aside from regular jobless claims. However, the Bank of England is expected to cut rates from 4.25% to 4% this Thursday, with 8 of 9 MPC members backing the cut. That move may influence future Fed decisions as global policy dynamics evolve.

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