Headline noise around rate cut odds, tariffs, and earnings pushed stocks higher.

Investors have mostly been celebrating the S&P 500’s strong earnings season. But at the same time, a notable slowdown in labor markets is brewing: July’s nonfarm payrolls rose by just 73,000 versus expectations of 105,000, and prior months saw a downward revision of 258,000 jobs. Can corporate earnings remain resilient in this scenario? Let’s take a look.

U.S. equities fell while bonds rallied as labor concerns raised the expectations for a rate cut in September.

Recent trade agreements with Japan and the EU are reshaping the U.S. economic landscape. Should you reshape your portfolio to match?

Another quiet week as the market anticipated the upcoming Fed meeting.

Second quarter 2025 earnings are off to a solid start.

Better-than-anticipated economic data reduced rate cut expectations, but markets continued their year-to-date advance.

It appears that new tariffs are starting to affect consumer prices. In the June inflation report, headline CPI accelerated to 2.7% over the prior 12 months, up from 2.4% in May. Core CPI (which excludes food and energy) rose 2.9%, the fastest pace since February. On a monthly basis since May, the headline index increased 0.3% while core rose 0.2%.

Equities and bonds fell as the market digested the reconciliation bill and a new tariff deadline.

Despite the numerous headlines around potential stagflation and recession, the U.S. economy continues to show signs of strength and stability. While growth has cooled from its post-pandemic highs, the data points to a controlled normalization. Here’s what’s happening, and what it means for your portfolio...