Round Trip It was February 19. Stocks were sitting at record highs, with the S&P 500 surpassing 6144. A rapidly shifting policy landscape was largely written off by investors as the typical early days of a new administration. Then came April 2. On what President Trump called Liberation Day, he unveiled a baseline universal tariff…Read more
Gentle Dip April’s inflation data offered a welcome downside surprise, with the Consumer Price Index rising less than investors had expected in April: 0.2% instead of 0.3%. That puts the year-over-year rate at 2.3%, the lowest since February 2021, when the economy was just beginning to grapple with the initial wave of pandemic-related price surges. …Read more
The Other Shoe Drops This week, the focus is on how the latest tariff shocks are impacting inflation and consumer sentiment. The release of April Consumer Price Index (CPI) data will be the main event, while the Producer Price Index (PPI) and import/export price data will play a supporting role. Together these reports will provide…Read more
