For now, the FED's new chairman is sending the message that he will be tough on inflation — and the jobs report gives him cover to do so, even though the nonfarm payroll number came in surprisingly low.
Monthly Archives: July 2026
19 posts
The climate has changed, in more ways than one. 'Scorcher' has several meanings, and right now all of them seem to be playing out actively in the global arena.
Softer US payrolls, slowing UK activity, and resilient Japan business sentiment dominated the week. Lower oil prices and easing inflation concerns also reduced Fed hike fears.
Historically, countries in South America have performed very well during World Cup. It is currently also a region that needs to be considered for investment exposure in the future.
The S&P 500 and Nasdaq indexes were under pressure to start the week as the AI trade and tech more broadly came under scrutiny. Then markets flattened out as the week wrapped up.
The Russell US Indexes are reconstituted on a semi-annual basis to reflect changes in the investable US equity market. While much of the attention surrounding reconstitution focuses on companies moving between large- and small-cap indexes, the process also updates another important dimension of index membership: style.
New Fed Chair Kevin Warsh is already reshaping policy communication by reducing forward guidance, questioning the dot plot’s future and emphasizing real-time data, potentially increasing Treasury market volatility.