Trading Day: Tech, tariffs & Treasuries

On Monday, U.S. bond yields fell and tech stocks declined as investors absorbed a multitude of economic data and developments emerging from Washington. Treasury Secretary Scott Bessent faced scrutiny over his intentions to increase purchases of long-term bonds and implement new sanctions against Iran, alongside potential tariff increases on Canadian goods.

In response to the market's reaction, the Treasury Secretary's credibility was questioned, as his efforts to reduce the deficit and lower bond yields appeared to be unsuccessful. For those interested in understanding the day's market events, several articles are suggested. These include the unveiling of the "economic D-Day" sanctions against Iran, President Trump's threat to impose 50% tariffs on Canadian goods, the bond market's growing apprehension, and Barclays' Jackson Hole speech preparation.