Just as the markets were bracing for the next chapter in the tariff saga, the courts pressed the PAUSE button. Yesterday, the U.S. Court of International Trade ruled that Congress, not the president, has the constitutional authority to regulate commerce with foreign nations. Basically, the court said these tariffs are not a matter of national…
Last month, we noted that rising uncertainty was already starting to spill into the markets. That uncertainty has now escalated with a new round of tariff announcements and swift retaliatory measures. Markets are no longer reacting just to the possibility of a trade conflict—they’re reacting to the reality of one unfolding. The result? A sharp…
On February 19th, the S&P 500 peaked and, over the next 22 days (including weekends), declined just over 10%—officially hitting “correction” territory. Interestingly enough, on February 19th of 2020, the S&P 500 peaked and, over the next 32 days (including weekends), declined over 33%. The drop five years ago was very clearly related to the…
At BCWM, we are fond of saying that the president of the United States gets way too much credit when the economy is good and way too much blame when the economy is bad—that there are much larger forces at work determining our financial fate (demographics and geopolitical issues, to name a couple). The 47th…
It’s the end of an era – the Taylor Swift “Eras” Tour, that is. The 21-month global extravaganza ended earlier this month in Vancouver, British Columbia. While “Swifties” across the globe are going to miss seeing the superstar on stage, the local economies where she performed might miss her even more. Swift’s tour was a…
