The August 1 tariffs deadline that will raise prices for US imports is approaching, but market sentiment remains unaffected, based on set of proxy ETFs through Friday’s close (July 18). Following the April tariff tantrum, when markets tanked, prices have rebounded and the risk-on posture looks no worse for wear with less than two weeks to go for implementing new US tariffs.
Daily Archives: July 21, 2025
Macro Briefing: 21 July 2025
US housing starts rebound in June after dropping to 5-year low, but the downside bias in recent years remains intact. “Everywhere builders look there are reasons to delay or scrap projects,” said Christopher Rupkey, chief economist at FWDBONDS. “The nation’s housing market outlook has never looked this troublesome. This could actually end quite badly for the economy.”
