Economic Growth & Policy - US economy shows resilience despite changes in trade, immigration, fiscal, regulatory, and geopolitical policies [1] - Pace of economic growth has moderated recently [1] - Balance of risks has shifted, prompting a move towards a neutral policy stance [2] Employment & Inflation - Unemployment rate is low but has edged up [2] - Job gains have slowed, and downside risks to employment have risen [2] - Inflation has risen recently and remains somewhat elevated [2]

Wall Street has been hanging on every word of Federal Reserve chief Jerome Powell as stocks charged to record highs. Investors hope he'll give more clues Tuesday as to how much the Fed will cut U.S. interest rates. ...

Core Viewpoint - Changes to the H-1B visa system may benefit U.S. workers, but there are concerns that losing foreign talent could negatively impact innovation and lead to production being shifted overseas [1] Group 1: Impact on U.S. Workers - Proposed changes to the H-1B system aim to prioritize U.S. workers and potentially increase job opportunities for them [1] - The adjustments could lead to a more competitive job market for domestic employees [1] Group 2: Concerns about Foreign Talent - Economists warn that reducing the influx of foreign talent may stifle innovation within the U.S. economy [1] - There is a risk that companies may relocate production to countries with more favorable immigration policies, which could diminish the U.S.'s competitive edge [1]

Core Insights - The U.S. economy is currently influenced by three convergent forces, likened to the Bermuda Triangle, which may create uncertainty in the market [1] Group 1: Investment Strategy - The focus is on U.S. and European equities, emphasizing undervalued growth stocks and high-quality dividend growers [1] - Sustained profitability, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital, is highlighted as a more reliable driver of returns than valuation alone [1] Group 2: Personal Investment Philosophy - The investment approach aims to ensure sufficient assets for freedom in work and life, rather than complete financial independence [1] - The interdisciplinary background in Economics, Classical Philology, Philosophy, and Theology enhances both quantitative analysis and market narrative interpretation [1]

Market Activity - A U S politician, Representative Tim Moore, has made a leveraged bet against U S small-cap stocks [1] - Moore invested up to $215 thousand in the Direxion Daily Small Cap Bear 3X Shares ETF ($TZA) [1] - $TZA delivers three times the inverse daily performance of the Russell 2000 Index, profiting when small-cap stocks decline [1] Regulatory & Political Context - Moore is a member of the House Financial Services Committee [1]

And I put into two categories. Number one is what we see in our own data. The second is what you see more broadly.Um in our own data, things are remarkably stable. I mean, we look at I know you guys have talked about it this morning and other times, consumer spend continues at the same year-over-year pace. Uh across almost all wealth levels, uh consumer credit is as good um as it's been in the last six months.In fact, it's probably trending a touch better. uh companies are in really great shape. Uh we look ...

Economic Overview - Wells Fargo CEO Charles Scharf highlighted a significant disparity between higher-income and lower-income consumers, indicating that while corporations and affluent individuals are thriving, lower-income Americans are facing financial difficulties [1][2] - Scharf noted that lower-income consumers are depleting their savings, with their account balances falling below pre-pandemic levels, suggesting they are living on the edge financially [2] Employment and Economic Indicators - Scharf's comments came in the context of a broader discussion about the U.S. economy, particularly following JPMorgan Chase CEO Jamie Dimon's remarks on a Labor Department report indicating economic weakening, with hiring slowing significantly and a downward revision of job creation by 911,000 positions for the year through March [3] - Despite the current positive sentiment in certain sectors, Scharf acknowledged that the overall job data indicates undeniable challenges, suggesting a more cautious outlook [3][4] Consumer Spending Trends - The spending patterns among different income levels show stability among higher-income consumers, while lower-income groups are exhibiting signs of stress, which could lead to potential economic challenges [1][4] - Scharf emphasized that while the current economic conditions may feel good relative to expectations, the benefits are not evenly distributed across wealth spectrums, indicating a potential for more downside than upside in the future [4]

Federal Reserve Chair Jerome Powell delivers remarks about the U.S. economy, his inflation outlook and potential interest rate forecasts at the annual Jackson Hole Economic Policy Symposium in Wyoming. #Fed #JeromePowell #WSJ ...

Watch: The U.S. economy has remained resilient amid President Trump’s tariff policies. Here’s how that strength could be tested in the months ahead. https://t.co/2s5qS0m9ss ...

Economic Commentary - Federal Reserve Bank of San Francisco President Mary Daly 对美国经济发表评论 [1] - CNBC's Steve Liesman 报道了相关评论 [1]