Tariff deadlines loom large. Equity indexes closed the month on a high note, shrugging off headline risk and propped up by strong corporate profits, resilient consumer demand, and a tariff drama that never quite turned into disaster.
Corporate earnings, still early in the season, have surprised on the upside - particularly in Financials, where banks beat expectations on both top and bottom lines.
Economic data released in July painted a relatively resilient picture. Consumer spending remains robust and labor market data was steady, with unemployment still hovering near cycle lows.
Inflation remains stubbornly above target. Manageable, yet no comfort for the Fed.
Corporate earnings, still early in the season, have surprised on the upside - particularly in Financials, where banks beat expectations on both top and bottom lines.
Economic data released in July painted a relatively resilient picture. Consumer spending remains robust and labor market data was steady, with unemployment still hovering near cycle lows.
Inflation remains stubbornly above target. Manageable, yet no comfort for the Fed.
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