Donald Trump's summer is over. Now it's back to the hard stuff: the conflict in the Middle East, the economy, and the midterm elections, which are less than four months away. Trump's job-approval rating on the economy is in the cellar: thirty-two per cent.
U.S. exports to Canada and Mexico have moved in opposite directions. Canada's total exports in the first quarter of 2026 fell roughly $5 billion below the 2022-2024 average. Mexico's exports in 2026 rose sharply. Canada placed retaliatory tariffs on a range of American goods in early 2025 and kept them in place even after dropping most of the other counter-tariffs. Mexico moved in the opposite direction with agriculture increasing by 0.7% and industrial goods by 13.1%.
The full episode is only available to paid subscribers of Ironsides Macroeconomics 'It's Never Different This Time' series. It's never different this time, it's different every time. Â “It’s Never Different ”
The Unified Agenda of Regulatory and Deregulatory Actions was released by the OIRA over the weekend. It lists the updated rulemaking actions each federal agency has undertaken or completed since the last Agenda. President Trump has been dismantling the federal government at a pace that far surpasses anything the nation has seen before. Some agencies have few proposed or final rules to report, while others have many.
Nasdaq and S&P 500 fell as chipmaker rout hit global equities, with South Korea's Kospi plunging about 9%. SK hynix plunged over 15 percent, Samsung down over 10 percent; chip sector losses threaten wider market sentiment. President Trump said the US will reinstall its naval blockade of Iranian ports and take over Strait of Hormuz.
Grocery store owner's family ran a grocery store in New Orleans for generations. Today, he works for independent grocers in every corner of the country, in big-city neighborhoods, in the suburbs and in small, rural towns, where the local grocer is one of the last anchors keeping Main Street alive. He believes free, open and truly competitive markets are the key to driving efficiency throughout the food supply chain and driving down prices for consumers.
U.S. and Iran trade strikes over Strait of Hormuz closure. Israel warns Trump of assassination plot. Graham Platner sexual assault allegation reported by Politico. Trump mixes patriotism and partisanship in polarizing July 4th speech. Senate control up for grabs in November.
The OIS market now prices in 32 bps of Fed tightening by year-end. In fixed income, this has sent US Treasury yields higher across the curve. The front end of the 2-year yield has reached highs not seen since early last year. The June US CPI inflation report is expected to ease to 3.8% from 4.2% in May. The YY core inflation rate is estimated to remain at 2.9%.
Trump orders all U.S. flags at half-staff after the death of Senator Lindsey Graham. Acting AG Blanche’s bid for permanent job is up in the air ahead of a key confirmation hearing. NYT journalists were subpoenaed by the Trump administration for Air Force One coverage.
Donald Trump's summer is over. Now it's back to the hard stuff: the conflict in the Middle East, the economy, and the midterm elections, which are less than four months away. Trump's job-approval rating on the economy is in the cellar: thirty-two per cent.
U.S. exports to Canada and Mexico have moved in opposite directions. Canada's total exports in the first quarter of 2026 fell roughly $5 billion below the 2022-2024 average. Mexico's exports in 2026 rose sharply. Canada placed retaliatory tariffs on a range of American goods in early 2025 and kept them in place even after dropping most of the other counter-tariffs. Mexico moved in the opposite direction with agriculture increasing by 0.7% and industrial goods by 13.1%.
The full episode is only available to paid subscribers of Ironsides Macroeconomics 'It's Never Different This Time' series. It's never different this time, it's different every time. Â “It’s Never Different ”
The Unified Agenda of Regulatory and Deregulatory Actions was released by the OIRA over the weekend. It lists the updated rulemaking actions each federal agency has undertaken or completed since the last Agenda. President Trump has been dismantling the federal government at a pace that far surpasses anything the nation has seen before. Some agencies have few proposed or final rules to report, while others have many.
Nasdaq and S&P 500 fell as chipmaker rout hit global equities, with South Korea's Kospi plunging about 9%. SK hynix plunged over 15 percent, Samsung down over 10 percent; chip sector losses threaten wider market sentiment. President Trump said the US will reinstall its naval blockade of Iranian ports and take over Strait of Hormuz.
Grocery store owner's family ran a grocery store in New Orleans for generations. Today, he works for independent grocers in every corner of the country, in big-city neighborhoods, in the suburbs and in small, rural towns, where the local grocer is one of the last anchors keeping Main Street alive. He believes free, open and truly competitive markets are the key to driving efficiency throughout the food supply chain and driving down prices for consumers.
U.S. and Iran trade strikes over Strait of Hormuz closure. Israel warns Trump of assassination plot. Graham Platner sexual assault allegation reported by Politico. Trump mixes patriotism and partisanship in polarizing July 4th speech. Senate control up for grabs in November.
The OIS market now prices in 32 bps of Fed tightening by year-end. In fixed income, this has sent US Treasury yields higher across the curve. The front end of the 2-year yield has reached highs not seen since early last year. The June US CPI inflation report is expected to ease to 3.8% from 4.2% in May. The YY core inflation rate is estimated to remain at 2.9%.
Trump orders all U.S. flags at half-staff after the death of Senator Lindsey Graham. Acting AG Blanche’s bid for permanent job is up in the air ahead of a key confirmation hearing. NYT journalists were subpoenaed by the Trump administration for Air Force One coverage.