Macro / Misc.

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…

Key Takeaways We expect Congress to pass a short-term extension of the highway bill, potentially before the Sept. 30, 2026, deadline, likely at current funding levels plus an inflation adjustment. Multiple short-term extensions could follow…

With both the House and Senate back for the next two-week stretch before the Memorial Day recess, there is a lot happening in Washington that matters for investors, including: President Trump and President Xi’s two-day…

We believe Congress is likely to partially restrict prediction markets this year, with the most likely path being language attached to the FY27 National Defense Authorization Act (NDAA), which we would expect to become law…

With both the House and Senate in session this week, there is a great deal happening in DC that will distract members from issues important to investors. For example, lawmakers will focus on reauthorizing the…

With the House and Senate both in session this week, Washington’s focus will remain concentrated on the Iran-U.S. conflict, which heated up yesterday after the U.S. seized an Iranian ship. We have though an escalation…

With the House and Senate back in session this week after a two-week spring break, Washington’s focus will remain concentrated on the following issues:  The U.S.-Iran conflict and likely War Powers Resolution votes in both chambers.   The path for ~$200 billion in additional defense funding, $15-$25 billion in aid for farmers,…

With both chambers in session this week ahead of a scheduled two-week recess, Washington’s focus remains concentrated on a narrow set of issues, including:  The evolving U.S.-Iran conflict, which is expected to include another War Powers resolution in the Senate….

With both the House and Senate back in Washington, the focused will be on a number of issues, including:   The evolving Iran conflict.   The standoff surrounding Federal Reserve Chair Jerome Powell.  Senate debate over the SAVE America Act.   Also, the Federal…

There is a lot happening on the trade front from 60 Section 301 tariff country investigations announced by the Trump administration yesterday, to court dates set in the Section 122 legal challenge, and the ongoing USMCA saga. Taken together, these issues are likely to…