The Straight-Up Global Stock Market Takes an End-of-Week Pause

Global stocks catch their breath after a strong run

Highlights

• Global stocks catch their breath after a strong run

• Corporate tariff burden is growing fast

• Fed surveys confirm broadening weakness in the economy

• Earnings reports start to show the pain points in consumer spending

Key Takeaways

• Fed Under Pressure Amid “Greatest Economy of All Time”: As if in a constant case of cognitive dissonance, the President (at least he has stepped back from his threat to fire Jay Powell) continues to pressure the Fed to cut rates even as he boasts that the U.S. has the greatest economy and stock market of all time.