.@POTUS: "I am pleased to announce that on May 17th, 2026, we're inviting Americans from all across the country to come together on our National Mall to pray, give thanks, and to... rededicate America as One Nation Under God." π
Yesterday's trade saw the market encouraged by an increase in retail sales and a decrease in initial jobless claims, which helped boost the S&P 500 and Nasdaq Composite to fresh record highs.
Read more in the Morning Brew. https://t.co/jtgAAqVBIa
The main catalysts for today's session are quite similar to yesterday; the market awaits the release of a key piece of inflationary data while a slate of large banks have reported their earnings before the open.
Read more in the Morning Brew. https://t.co/Yltre9PHNI
The stock market has been resilient in the face of tariff announcements over the past two weeks but has been subject to some softer pockets when the country in question is a close trading partner.
Read more in the Morning Brew. https://t.co/1jQ5siSV42
President Trump also said in a NBC News phone interview that most trading partners will face a 15-20% tariff, and that the EU will get a tariff letter later today.
Read more in the Morning Brew. https://t.co/v2tyma3jNr
President Trump announced a 50% tariff on Brazil and confirmed that the 50% tariff on copper will be effective August 1, though trade developments did little to stifle yesterday's bullish action.
Read more in the Morning Brew. https://t.co/4ly3XOpXKJ
Financial Times reports that the EU is close to a trade deal with the U.S., but that the tariff imposed will likely be higher than the rate for the U.K.
Read more in the Morning Brew. https://t.co/kfujgeWWn4
The market is poised for a lower start, with S&P 500 futures trading 17 points below fair value. Treasury Secretary Bessent said countries that don't make trade deals by Aug. 1 will see tariff rates rise to April levels.
Read more in the Morning Brew. https://t.co/a9jC82BUkQ
The market looked past yesterday's ADP jobs report, but today's comprehensive report will no doubt stir the markets, given its rate cut implications.
The House advanced the "One Big Beautiful Bill" to a final House vote.
Read more in the Morning Brew. https://t.co/uVUsyTsXUW
Equity markets kept grinding higher, while bond yields edged lower as signs of economic weakness began to emerge. Get the details in the June market report. https://t.co/sZEiWinxc5
The projected slower opening comes after yesterday's strong showing in which several mega-cap stocks pushed to new all-time highs, and in turn boosted the S&P 500 and NASDAQ Composite to record highs.
Read more in the Morning Brew. https://t.co/vEtEwAVkoy
The Washington Post reports that the Senate is set to vote on the large reconciliation bill today, but there is still some inter-party disagreement on the bill, so immediate passage is not yet certain.
Read more in the Morning Brew. https://t.co/22C3rTJp9l
On the news front, President Trump and China's Ministry of Commerce confirm they reached a consensus in principle on the framework for implementing Geneva consensus.
Read more in the Morning Brew. https://t.co/wplmwocT3U
On the news front, The Wall Street Journal reported last evening that President Trump may nominate the next Fed Chair well before Chairman Powell's term ends in May 2026.
Read more in the Morning Brew. https://t.co/ZoYHNsoufL
Trade tensions and inflation have rattled the markets but CIO Larry Adam reminds us of similar historical patterns. With more advanced technology and energy independence, the U.S. may be better equipped to handle volatility this time around. https://t.co/Cz4yn4U03Y