Macroeconomics

Writing this week on the 5th of May, or “Cinco De Mayo” as it is known in some circles, has us thinking about tacos, and maybe a few margaritas as well. Aside from the obvious culinary aspect of the delicious traditional Mexican dish that has come to be associated with this week, we’re looking at the market landscape for reasons to celebrate. However, much like the recent spring weather in the Midwest, while the climate improves, there are a few grey clouds threatening to rai

The past few weeks have highlighted an increasing tension between two lumbering giants: the $31 trillion U.S. economy¹ and global input supply markets, oil and otherwise, impacted by geopolitics. The first week of April saw the release of a slew of economic data, all of which was exceptionally strong across U.S. markets. The ISM Manufacturing PMI rose to 52.7 in March, its third consecutive month of expansion and its strongest reading since August 2022.