MARKET PULSE

Policy risk and high-impact catalysts keep cross-asset conviction fragile

Markets are balancing trade escalation, Iran sanctions, inflation sensitivity and concentrated technology earnings risk. Rates, the dollar and commodities remain highly responsive to incoming policy signals.

TRADE

MACRO U.S.-Canada tariff tensions intensify

Higher bilateral tariffs raise North American growth and inflation risks while weighing on the Canadian dollar.

AI EARNINGS

EQUITIES Nvidia earnings become the market’s key technology test

Results and forward guidance will shape sentiment across semiconductors and the broader AI investment complex.

INFLATION

RATES PCE data and Jackson Hole set the policy-sensitive agenda

Incoming inflation data and Chairman Warsh’s symposium remarks could reset expectations for the Federal Reserve’s next policy decision.

GEOPOLITICS

COMMODITIES Iran sanctions reshape oil and haven-market dynamics

Economic pressure on Iran is weighing on crude while supporting demand for gold amid geopolitical and fiscal uncertainty.

Current web sources: Treasury Dismantles Iranian Regime’s Global Clandestine Currency Networks | U.S. Department of the Treasury