Stock markets react with relief as tariff deadlines extended

“A latter-day Rip Van Winkle… napping since the start of the year, might think not much had changed” over the past six months in financial markets, says Randall Forsyth in Barron’s. The S&P 500 index

“Pick a side,” says The Economist. While the US and China have smoothed over their own trade spat, US strategy has pivoted to pressuring “unfortunate third countries” to do the dirty work of isolating

Stocks are living their best life while the dollar is having its worst year since 1973

Picking through a murky market outlook for the rest of 2025

Issue of the week: renewed tariff turmoil ...

Only a downside surprise on jobs may move the Fed to lower rates, much to Trump’s disappointment