Macro Market Movers

Every market cycle has its own character, but certain patterns appear frequently enough that they deserve attention. This is especially true when evaluating early-year rallies in small caps…

On February 20, the U.S. Supreme Court ruled that the Trump administration’s tariffs issued under the International Emergency Economic Powers Act (IEEPA) are illegal.

With top-tier central bank meetings in the rearview mirror, the spotlight returned to global trade this week, though OPEC announcements that drove oil prices sharply higher…

LEI continues to support a strong economy. The Leading Economic Index (LEI) jumped 0.2% in May, after being up 0.4% each of the past two months…

The Dow is officially down 8 days in a row for the first time since March 2017. Should it finish in the red today, that will tie its longest losing streak since 1978…

If all you saw were the headlines you might think that “trade wars” or “a flattening yield curve” was pushing equities to the brink of a new bear market as the U.S. economy teetered on recession…

Trade policy update. After being hit to the tune of ~$240 million by U.S. tariffs, India ratcheted up tensions overnight when it retaliated with tariffs of its own on a wide range of U.S. imports…

Three of the world’s most influential central banks met last week—the Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of Japan (BOJ).

Tariff headlines versus implementation. While trade headlines have garnered a lot of attention, and roiled markets in some instances, it’s important to reiterate that neither side wants a trade war.

Capital expenditures help increase productivity, and improved productivity is the foundation upon which developed economies can sustain higher growth rates.