Wrapping Up The Summer, Tariff Thoughts

The big things you need to know:First, the various earnings stats we track point to a sleepy start to reporting season, suggesting to us that geopolitics hasn’t been the only thing contributing to the US equity market’s recent gyrations. These stats also highlight how the mega ca ...  Show more

The big things you need to know:First, our thoughts on earnings heading into 4Q25 reporting season – questions we think need answering and stats we’re watching.Second, other updates include our thoughts on implications in house views on the Fed for our own US equity market outloo ...  Show more

US stocks keep climbing, notching a sixth straight record close as investors focus on a wave of significant earnings, US-China trade talks, and the start of the Fed’s July meeting. Union Pacific (UNP) acquires Norfolk Southern (NSC) in an $85B deal, creating a transcontinental ra ...  Show more

Sales of new US homes exceeded forecasts in July after an upward revision to the prior month, as prices eased and heavy incentives enticed more buyers off the fence. Contract signings on new single-family homes ticked down to a 652,000 annualized rate, with the strongest demand i ...  Show more

Stocks surge after Trump hits pause on most tariffs, but ups the ante in the China trade war. What one China expert sees in store next in the tariff tit-for-tat. And the impact the levees are having on pharma’s production pipeline. Plus Walmart yanks its guidance, Delta flies ...

President Trump’s team delivered more tariff surprises ahead of the weekend with conditions worsening for both Canada and Switzerland. Then the jobs data delivered some ugly news for the US economy, with severe downward revisions to May and June’s data which saw the bearer of the ...  Show more