Monthly Archives: July 2025

Consumers under pressure across the spectrum

Posted on July 31, 2025 by Danielle Park

As the US and Canadian central banks declined to offer monetary easing yesterday, consumer confidence measures are already below the levels recorded in the past nine recessions, including the periods surrounding 9/11, the 2008 financial crisis, and the 2020 pandemic. … Continue reading →

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Financial sobriety is a rare superpower over time

Posted on July 29, 2025 by Danielle Park

Speculative trading indicators measure froth in financial markets and indicate when speculators—rather than fundamental investors—are dominating market behavior. As shown below, since 1995, the rebound in speculative measures over the past three months has been one of the sharpest on … Continue reading →

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Hoisington Q2 2025 Review and Outlook

Posted on July 28, 2025 by Danielle Park

Hoisington Management’s 2025 Second Quarter Review and Outlook is available here. At his June 18 press conference, Federal Reserve Chairman Jerome Powell referred to tariffs as inflationary. Hoisington points out that this is only the first-round effect: Second, third, and … Continue reading →

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