Economic Commentary – June 16, 2025
One of the practical implications of an economy that is growing at 1% versus an economy growing at 2-2.5% is that a more slowly growing economy tips into negative territory far more readily, with attendant implications for employment, earnings, and tax revenues. Thus far in the second quarter of 2025, the data persistently indicates that the US economy is growing at a pace greater […]
More Uncertainty for a Compressed Week – June 16, 2025
Good morning, Although the weekend headlines were dramatic, they apparently weren’t dramatic enough to really rattle markets this morning. As of 8 am EDT, futures are up +0.65%, and bonds have given back Friday’s gains. Same story globally—equities are bouncing even as tensions in the Middle East continue. Maybe investors are taking their cue from […]