Please note: The full Weekly Market Review is in the PDF below.
1. This week’s economic calendar was relatively light, but several reports still carried meaningful market implications. Investors digested the June Trade Balance, wholesale inventories, weekly jobless claims, existing home sales, and the latest EIA crude oil inventory data for fresh insight into the health of the U.S. economy, labor market, housing sector, and energy markets. The week’s biggest event, however, was the release of the first FOMC meeting minutes under Fed Chair Kevin Warsh.
2. THE MAIN STORY THIS WEEK:Â The Global Economy Is Slowing, Yet Corporate America Keeps Winning
- The IMF lowered its global growth outlook.
- The Fed under Kevin Warsh remains cautious on inflation but has not turned aggressively hawkish.
- The U.S. labor market continues to cool without breaking.
- S&P 500 earnings expectations remain healthy, led by AI, software, semiconductors, and productivity gains.
- Geopolitical risks (Iran, trade tensions) remain elevated, but markets continue to look through them.
 Taken together, these developments point to a global economy that is slowing but not stalling.
3. New business formation data can offset worrying signals from layoff announcements and weaker jobs data. It highlights entrepreneurial strength and future job growth.
4. World Watch
- The continuing U.S.– Iran conflict is primarily an energy, transportation, and inflation shock, rather than a traditional demand-driven recession. The global economy has absorbed the disruption better than initially feared, but the conflict creates a persistent geopolitical “tax” on nearly every barrel of oil and shipment moving through the Middle East.
- The biggest breakthrough in the new 1X Neo humanoid robot is not its AI, but its tendon-driven robotic hands, which use cable-like tendons similar to those in the human body instead of placing motors inside each finger.
- An updated snapshot of the current global state of economy.
5. Quant & Technical Corner: a selection of quantitative & technical data we monitor on a regular basis to help gauge the overall financial market conditions and the investment environment.
From the desk of our Chief Investment Officer
As an investment professional with over twenty-six years of experience in the financial services industry, Andrew helps clients to protect, grow and transfer wealth during their lifetime with objective, unbiased, customized and efficient strategies.
Education, Professional Licenses Acquired & Affiliations
- Passed the Series 7, 63, 65 and 24 license examinations
- Currently holding Series 65 License
- BA in Economics – Boston University (Boston, MA) 1993
- Certificate in Commodities Trading – New York University (New York, NY) 1991
- Certificate in Financial Planning – New York University (New York, NY) April 2011
With extensive experience in the Financial Services Industry, Andrew Tang and Turner Financial Group provides disciplined wealth management with an intelligent caring approach to each and every client that compliments the Dedicated Financial offering.
Len writes much of his own content, and also shares helpful content from other trusted providers like Turner Financial Group (TFG). Â
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