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 +1.00% Uptrend, advancing for three consecutive days on July 10, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where IYF advanced for three days, in of 369 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 18, 2025. You may want to consider a long position or call options on IYF as a result. In of 74 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 June 24, 2025. 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 .
The Aroon Indicator entered an Uptrend today. In of 340 cases where IYF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for IYF moved out of overbought territory on July 07, 2025. 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 48 similar instances where the indicator moved out of overbought territory. In of the 48 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 72 cases where IYF's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IYF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
IYF broke above its upper Bollinger Band on June 26, 2025. 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.
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