Macro / Misc.

Both chambers of Congress are in session this week before a scheduled recess next week for Rosh Hashana, though we suspect that break will be cut short given the need to avoid a government shutdown…

Below our are thoughts on the following recent trade issue developments: The U.S. Supreme Court decision to hear the Trump administration’s appeal of a lower court ruling invalidating the president’s reciprocal and fentanyl tariffs under…

With both chambers of Congress in session this week, talks are expected to pick up over funding the government beyond the end of the current fiscal year.  We could also see Fed nominee Stephen Miran…

With last Friday’s U.S. Court of Appeals ruling against President Trump’s use of the International Emergency Economic Powers Act (IEEPA), we have the following takeaways from our trade and tariff conference call that we held…

With the House and Senate back in session this week, the focus will be on the fallout from Friday’s ruling to invalidate President Trump’s fentanyl and reciprocal tariffs, House passage of the National Defense Authorization…

In our view, if President Trump insist, we believe that Stephen Miran can be confirmed by the Senate before the September 17 Federal Open Market Committee (FOMC) meeting. While the market already anticipates that the…

We have the following takeaways on trade and tariffs regarding President Trump’s interview on CNBC this morning. While Trump mentioned that he would raise tariffs on India over the next 24 hours since India continues…

With the August 1 tariff deadline tomorrow, we have the following takeaways from our trade and tariff conference call that we held yesterday morning with Derek Scissors. A transcript is available upon request. Takeaways Derek…

We wanted to highlight our expectations for defense spending in FY26 and the upcoming legislative schedule for the defense sector.  Bottom line: we still believe that a continuing resolution (CR) funding defense at FY25 levels…

With the House out of session until September 2 and the Senate scheduled to leave for its August recess at the end of this week, trade seems likely to continue to dominate the headlines as…