Mnuchin Talks to Bank Executives About Market Tumult
Treasury Secretary Steve Mnuchin made a precautionary call to six of the country's largest banks to avoid market fallout on Christmas Eve. Reports that President Trump was consulting advisers about whether he had authority to fire Federal Reserve Chairman Jerome Powell was causing concern and Mnuchin was trying to get ahead of the news.
In a statement he said: "We continue to see strong economic growth in the U.S. economy with robust activity from consumers and business. With the government shutdown, Treasury will have critical employees to maintain its core operations at Fiscal Services, IRS, and other critical functions within the department."
In recent months, Trump has continued to attack Powell, accusing the former investment banker of trying to undercut him politically by raising interest rates and slowing down the economy. Ahead of the Fed's final meeting last week, the President warned the Powell not to make "another mistake" to raise rates.
IYF in -1.79% downward trend, falling for three consecutive days on July 08, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where IYF declined for three days, in of 276 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for IYF moved out of overbought territory on July 08, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
IYF broke above its upper Bollinger Band on July 01, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on July 01, 2026. You may want to consider a long position or call options on IYF as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for IYF just turned positive on July 01, 2026. Looking at past instances where IYF's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
IYF moved above its 50-day moving average on June 04, 2026 date and that indicates a change from a downward trend to an upward trend.
The 50-day moving average for IYF moved above the 200-day moving average on June 17, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IYF advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 320 cases where IYF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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