Market 07/22: Trade Negotiations Unpromising

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Key highlights:

• Trade war update

• Stargate $500 billion project faces difficulties

• Bessent calls for Fed review

• Powell: “Banks need to maintain stable capital levels”

• Richmond Manufacturing Index July

• Raytheon: Q2 stable but cuts 2025 guidance

• Lockheed Martin: Top-secret project has issues

• Market: A bit of fund rotation