Stocks slipped Tuesday as fresh economic data reignited stagflation fears on Wall Street, overshadowing a blowout quarter from Palantir Technologies Inc.
According to Dalio, once people start to lose trust in the fiat system, a specific cause-and-effect reaction could occur that would result in linking money back to gold.
During an interview with CNBC, he said the White House is likely to announce its decision on who will replace Federal Reserve Chair Jerome Powell soon.
After a week of deteriorating breadth, August 4, 2025, delivered a decisive reversal as over 80% of stocks advanced, with strong participation across key moving averages.
According to Senator Warren, most people have not absorbed how “dangerous” it may be to fire the head of the Bureau of Labor Statistics and what may happen once a replacement is hired.
