Former President Donald Trump was shot at a rally in an attempted assassination, sending shockwaves through the political world. The incident occurred at a campaign rally in Pennsylvania, where a gunman opened fire, leaving one attendee and the shooter dead, with two others injured. Trump, who was grazed by a bullet, was released from the hospital the same night. The motive behind the attack remains unknown, but it comes just days before the Republican National Convention, where Trump is expected to be nominated as the GOP presidential candidate.
In other news, earnings season is back, with big banks like Goldman Sachs, Morgan Stanley, and Bank of America set to report their second-quarter results this week. Analysts are anticipating strong earnings growth, making it a crucial time for investors to watch the market closely. Additionally, Google’s parent company, Alphabet, is reportedly considering its largest-ever acquisition, with talks to buy cybersecurity firm Wiz for $23 billion. This potential deal comes amidst increased antitrust scrutiny on Google by the Justice Department.
Meanwhile, the housing market continues to face challenges, with high home prices and mortgage rates making it difficult for aspiring homeowners to enter the market. The 30-year mortgage rate has remained around 7%, a significant increase from pre-pandemic levels, while home prices have reached all-time highs, impacting both buyers and sellers. As investors navigate these developments, the market remains poised for further volatility in the coming weeks.
