It’s taken a year since the signal for a broadening stock market rally was given for it to arrive, but it's finally here. The signal, falling inflation and the first FOMC rate reductions in years, was followed by several quarters of uncertainty compounded by tariffs and macroeconomic headwinds.
The story in early July is that tariffs are impacting economic conditions less than feared, conditions remain resilient, and tailwinds may soon begin to blow.
