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Weekly Market Update – Week of October 10: Macro Fog Deepens, Bitcoin Holds the High Ground

What You’ll Read The latest FOMC minutes reveal a divided Federal Reserve: while most policymakers backed the quarter-point cut, others saw little need for further easing. Stephen Miran went further, calling for faster and deeper cuts, with an appropriate rate closer to 2%, while...

“Flying Blind” in the Shutdown?

By Kevin Flanagan, Head of Fixed Income Strategy Key Takeaways With the federal government shutdown delaying major economic data releases, investors are left navigating markets without key signals just as rate decisions remain in play. While past shutdowns often included debt ceiling standoffs,...

GDP Growth, Trump’s Tariff, and Big Buyout

GDP Growth – Real GDP rose by 3.8% from Q2 2024 to Q2 2025, which was driven by a decrease in imports and an increase in consumer spending (source: U.S. Bureau of Economic Analysis). Second Jobs – During 2023 and 2024, an average of 14% of...

Treasury Yields Snapshot: October 10, 2025

The yield on the 10-year note ended October 10, 2025 at 4.05%. Meanwhile the 2-year note ended at 3.53% and the 30-year note ended at 4.63%. The chart below overlays the daily performance of several Treasury bonds, starting from the pre-recession equity market peaks,...

Large-Cap Tech Tilts Still Have Room to Grow

Diversification isn’t the only strategy that can help one’s portfolio overcome potential uncertainty within the U.S. economy. That statement may come as a surprise to some. After all, when the threat of tariffs and inflation first reared its head earlier this year, many sought...

S&P 500 Snapshot: Largest Loss in Six Months

The S&P 500 notched two new record highs this week before experiencing its largest daily loss in six months. The index sank -2.7% on Friday, ultimately leading to a weekly loss of -2.4%. Here is a snapshot of the index from the past week: The...
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