Macro / Misc.

Despite only the House is in session (the Senate is out) this week and a likely short week with the July 4 recess coming up, there is a lot going on. Iran is once again…

The House and Senate are both in session this week, as the pre-August calendar is becoming the biggest obstacle for several Republican priorities that need to be worked out. We continue to believe the Digital…

We see three Washington policy-related risks that are likely to generate headline risk, including: A tentative U.S.-Iran agreement that will probably be extended beyond the 60-day timeframe and should hold at least through the midterm…

The Senate is in session, and the House is out this week, which matters because the calendar is becoming the biggest obstacle for several Republican and industry-backed priorities that still need meaningful floor time before…

Despite President Trump’s comments on Truth Social about the need to pass Reconciliation 3.0 for an additional $350 billion in defense spending, we think he will be disappointed. We continue our long-held belief that: Defense…

We wanted to provide our thoughts on comments made by President Trump earlier this afternoon when he said he was not looking to renew the USMCA. We do not interpret Trump’s comments as signaling an…

Both the House and Senate are in session this week, with the House expected to pass the $72 billion Customs and Border Protection (CBP) and Immigration and Customs Enforcement (ICE) reconciliation bill after weeks of…

The House and Senate are both in session this week, but the market-relevant question is less about what Congress does over the next couple of weeks and more about how much time Republicans waste before…

We expect AB 1720, the California Fans First Act, which would prohibit a ticket reseller (STUB, LYV) from selling or facilitating the sale of a covered ticket for more than the original price plus 10%,…

With the Trump/Xi summit having concluded with little fanfare, though that was mostly expected, the House and Senate are in session for one final week before a week-long Memorial Day recess. The top item in…