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Equity markets have staged a strong rally from the April lows, supported by economic and earnings data that have proven more resilient than initially feared. While our investment process incorporates a wide range of inputs, we highlight below several developments that have been particularly relevant in recent weeks. 1. Federal

The Housing Starts Report measures the pace of new residential construction in the United States. It focuses on 2 key indicators: Interpreting the Numbers July’s numbers tell two stories. On one hand, builders are pressing ahead with current projects despite high borrowing costs, showing resilient housing demand. At the same

Please find the next blog in our monthly series that provides a snapshot of the markets and the state of the economy. Economic Overview Market Returns Asset Class Valuations – Rebalancing Rationale Key Risk Factors We Are Watching Disclaimers: The views expressed herein are those of Asset Consulting Group (ACG).

New orders for manufactured goods fell 4.8% in June, signaling a slowdown in demand from businesses placing fewer orders with manufacturers compared to May. At first glance, this drop may appear concerning, but a closer look reveals it could be less a red flag and more a recalibration. May saw

GDP for Q2 2025 rose 3.0%, beating consensus, but the one quarter gain only tells part of the story. The main driver was a significant swing in trade: Excluding these volatile components, real final sales to private domestic purchasers, a measure of how much individuals and businesses within the U.S.

As we reach the midpoint of 2025, global markets continue to reflect a dynamic interplay between economic resilience and persistent headwinds. Inflation appears largely contained, but monetary policy remains a key variable. The Federal Reserve has maintained a cautious tone, signaling that any potential rate cuts later this year will

Please find the next blog in our monthly series that provides a snapshot of the markets and the state of the economy. Economic Overview Market Returns Asset Class Valuations – Rebalancing Rationale Key Risk Factors We Are Watching Disclaimers: The views expressed herein are those of Asset Consulting Group (ACG).

The One Big Beautiful Bill Act passed the U.S. Senate on July 1, 2025, in a narrow 51–50 vote, with Vice President J.D. Vance casting the tie-breaking vote. Though Democratic lawmakers removed the bill’s original name, its core provisions remained intact. The bill permanently extends individual and business tax cuts