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Tariffs and Market Volatility Likely to Stick | Weekly Market Commentary | June 2, 2025
On Wednesday, May 28, the U.S. Court of International Trade (CIT) essentially blocked the majority of President Trump’s tariffs. A three-judge panel issued summary judgment against the tariffs enacted under the International Emergency Economic Powers Act (IEEPA), claiming they were unconstitutional and “exceed any authority granted by the President by IEEPA.”
Tariffs and Market Volatility Likely to Stick | Weekly Market Commentary | June 2, 2025
Printer Friendly Version There has been no shortage of trade policy curveballs thrown at the market since the White House announced shockingly high reciprocal tariffs
Can Earnings Catch Up to This Stock Market Rally? | Weekly Market Commentary | May 27, 2025
First quarter reporting season was solid, but results didn’t offer much of a confidence boost in the outlook for the rest of the year.
Tariff Pause Boosts Sentiment, Fed Steady | Weekly Market Commentary | May 19, 2025
Investor sentiment dramatically changed after Treasury Secretary Scott Bessent and other members of the Trump administration announced a temporary pause on tariffs with China. Was that sentiment shift warranted and did anything materially change? Estimates of the effective tariff rate continue to vary and have wide confidence intervals…
Bulls Are on Trial | Weekly Market Commentary | May 12, 2025
Earnings continued to come in better-than feared, but “tariff uncertainty” continued to get flagged on most conference calls. The Federal Reserve (Fed) kept rates unchanged and stuck to its patient approach with monetary policy, despite notable downgrades to economic growth estimates and rising recession probabilities since their last meeting.
Finding Value Among the Muni Market Malaise | Weekly Market Commentary | May 5, 2025
The municipal bond market faced significant volatility in April, driven by spillovers from a turbulent Treasury market. Treasury yields were pressured higher by rising inflation expectations; the Federal Reserve’s cautious policy stance, reduced foreign demand; hedge fund deleveraging, portfolio shifts toward cash, and structural illiquidity.
Recent Posts
- Tariffs and Market Volatility Likely to Stick | Weekly Market Commentary | June 2, 2025
- Beyond the Numbers | June 2, 2025
- Tariffs and Market Volatility Likely to Stick | Weekly Market Commentary | June 2, 2025
- Can Earnings Catch Up to This Stock Market Rally? | Weekly Market Commentary | May 27, 2025
- Tariff Pause Boosts Sentiment, Fed Steady | Weekly Market Commentary | May 19, 2025
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