Using the US stock market as a guide suggests that business-cycle conditions remain strong in terms of the recovery since the current economic expansion began in May 2020. The rebound in equities is still one of the sharpest since 1970. But the stock market is not the economy, as the saying goes, and that’s where the analysis turns complicated, as suggested by a review of key economic indicators.
Daily Archives: August 12, 2025
Macro Briefing: 12 August 2025
Trump extends trade truce with China for 90 days. The new deadline allows negotiations to continue ahead of a massive tariff hikes now set for Nov. 10. China also announced it is extending its pause on tariffs on the US.
