July 2026 Recap
Economic Commentary The Economy & The Fed The economy is actually in much better shape than the headline numbers suggest on the surface. While second-quarter economic growth came in at a seemingly sluggish 1.5%, that slowdown was mostly caused by a sudden spike in imported goods—a detail that actually reveals shoppers are still spending heavily […]
Fundamentals Drive Markets in the Absence of Fed Action
Markets remained resilient as strong earnings and improving global economic data supported equities despite higher Treasury yields, ongoing AI sector volatility, and persistent inflation and Fed policy concerns.