Trading on Headlines The graphic below chronicles trading in the S&P 500 Index following the late-day announcement on April 2, referred to as “Liberation Day” by the president, regarding reciprocal tariffs. What’s behind last week’s choppy action? Early in the…
Flexing Economic Muscles As we approached the early April selloff, much of the data suggested that economic activity was expanding. Let’s examine two important pieces of data. Led by a 5.3% surge in auto sales, retail sales rose a strong…
Stocks End Volatile Week Higher but Certainty in Short Supply On Wednesday, President Trump put reciprocal tariffs on hold for 90 days (except China), fueling the third-best daily gain (9.5%) in the S&P 500 Index since WWII, according to Bloomberg.…
Tariff Talk Leads to a Market Correction “Here’s the interesting thing about the stock market: …It has no gender, ethnicity, or religion… “It’s the ultimate voting machine, reflecting prospects for earnings growth, stability, liquidity, inflation, taxation, and predictable rule of…
Manufacturing in Crisis Over the past month, we have approached the issue of tariffs from the market's perspective, specifically that of investors. Let’s take a different approach today. We’ll examine the issue from the perspective of domestic manufacturers and manufacturing…
