Risk De-escalation, Market Escalation Both stock and bond markets rallied this past week confident that yet another shock to the economy had passed. The week was steeped in rising risk as a widening Middle East conflict had the potential of cutting off 20% of global oil supply. History suggests most geopolitically led selloffs are short...
Equities hold up amid escalating tension in the Middle East Equities were flat on the week as conflict in the Middle East escalated. Recent comments suggest probabilities around U.S. involvement have increased in recent days. Despite this, domestic equity markets held up as the S&P 500 lost 0.1% and the NASDAQ gained 0.2%. Oil was...
Inflation Comes in Cooler Than Expected Investors anxiously awaited this week’s report of the latest Consumer Price Index data wondering if price increases resulting from higher tariffs would be reflected in the report. The report revealed month-over-month and year-over-year increases that were both lower than forecast. This would indicate that tariff related price increases are...
