The Trump Administration's plans to put tariffs on imports from Canada, Mexico, and China have the potential to dent economic growth, boost inflation, and raise uncertainty.
Some soft data metrics have started to rebound sharply and catch back up to relatively resilient hard data, but it's too soon to say whether the gap is definitively closing.
The wildfires may affect some municipal bond issuers in the devastated areas, but the impact to other California bonds or to the broader muni market is likely limited.
Find Market Commentary content
Promises: Tariffs Hit Markets
Beyond Market Cap: Fundamental Indexing Explained (with Rob Arnott)
Preferred Securities: Balancing Yield with Risk
Are Preferred Securities Still Attractive?
Markets React to a New Administration
Hard to Handle: A Look at Hard vs. Soft Data
Are California Fires a Risk to the Muni Market?
Climate Shocks & the Muni Bond Market
Does the Resilient Economy Equal a Higher Potential Growth Rate?