US stock markets had their best week of the year last week, the S&P 500 rose more than 4%, the Nasdaq was higher by nearly 6%. US stocks were led higher by tech, Nvidia rose more than 13% last week, although it faded on Friday. The overall driver of the rally was growing speculation that the Federal Reserve will cut interest rates by 50 basis points rather than 25bps when they meet this Wednesday.
Donald Trump is targeted by assassin for a second time The other political consideration is the apparent assassination attempt on Donald Trump in Florida at the weekend. The President was unhurt, and it happened at his Florida golf course rather than at a campaign rally. However, it is extremely rare for a US Presidential candidate to be actively targeted by an assassin twice on the campaign trail. The latest FiveThirtyEight poll shows Kamala Harris in the lead by 2.6%.
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