Economic Commentary – June 9, 2025
The growing contrast between business sentiment, largely expressed via interviews and industry reports, and “hard” macroeconomic data like employment prompts the immediate thought that “Something’s Gotta Give.” Further amplifying the uneasy tenor of the current moment is the apparent difficulty the Bureau of Labor Statistics is having in getting its monthly survey of nonfarm payrolls […]
Trade May Again Headline the Week – June 9, 2025
Good morning, The first week of June lived up to its reputation—relatively calm compared to the last six months. The S&P 500 ended the week up +1.5%, along with most international equity indices. The VIX—Wall Street’s fear gauge—fell to its lowest level since February as markets moved past the tariff drama… for now. Of course, […]