Geopolitical and Trade Concerns Flare Up and Undercut the Risk-On Rally
Global stocks weaken as geopolitical concerns weigh in
Highlights
• Global stocks weaken as geopolitical concerns weigh in
• U.K.’s April GDP data fall more than expected
• Big Beautiful Bill poses some risk to our bond-bull view
• May PPI data and Treasury auction in focus today
Key Takeaways
• Renewed Geopolitical Tensions and Tariff Talk Weaken Stocks: Global equities and the U.S. dollar are on their back feet amidst renewed tensions over Iran and President Trump’s musings that he will be setting his reciprocal tariff rates against several countries in two weeks’ time (sending letters out — who knows what it means).
