Deadline
Hey team. The United States is close to clinching several trade deals ahead of a July 9 deadline, when higher tariffs kick in, with big announcements in coming days likely to see the comeback of a highly volatile environment next week.
Let’s see what’s ahead for this market!
Impact Snapshot
FOMC Meeting Minutes - Wednesday
Trump Tariff Deadline - Wednesday
Unemployment Claims - Thursday
Macro Viewpoint
After months of uncertainty surrounding Donald Trump’s shifting stance on tariffs, the global economy is finally approaching a moment of clarity. With a key deadline for trade deals looming on Wednesday, markets are watching closely.
The temporary pause on punitive import tariffs is nearing its end. If the deadline comes and goes without a spike in trade tensions, it could be a reassuring sign for investors.
Strong hard data in the US last week showed payroll growth above expectations and lower unemployment.
Overall, there are very few signs that uncertainty is taking a toll on activity, as investment, manufacturing employment, spending, and overall activity have all held up globally in the first half of 2025.
Wall St. Prime Intel
Retail slowed down further in June with the monthly net buying dropping to $22B.
While demand for ETFs remained stable, interest in single stocks dropped notably — a pattern reminiscent of their behavior during previous market downturns.
In today’s Prime Intel we share insights on👇:
Retail positioning
CTAs and Systematic Trend Followers: Positioning and Flows
This is a free edition of the Market Brief. To receive our additional in-depth research and data analysis, please consider becoming a paid subscriber.
