The “Resilient U.S. Growth Narrative” Is Being Stress-Tested

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Smoke Gets in Your Eyes

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Aggregate Income Declining as Job Market Scarring Hits Levels Seen at the End of the Great Recession

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Saturday Intelligence Briefing — 7.5.25

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“Utah! Get me two!”

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Palpable Risk for Downside in Nonfarm Payrolls

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The Weekly Quill — “What Percentage of Americans Are Debt-Free?”

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Arguing Balls and Strikes

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Vol Looks Cheap as Construction and Manufacturing Risks Mount

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Lagging in Chicago and Dallas

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