Playbook Summary:

• Headline risk is especially acute during periods of uncertainty.

• Some countries, like Germany, are more vulnerable to trade wars than others.

• Broad-based tariffs create more economic inefficie

In today’s globalized economy, the structure of a country’s tax system plays a crucial role in determining its economic performance. International tax competitiveness, which refers to how favorable a country’s tax policies are compa

The recent downturn in equity markets has heightened fears of a looming recession among investors. Factors such as newly imposed tariffs by the new presidential administration, concerns about an economic slowdown, and persistent inflationary pressure

As highlighted in previous LPL Research blogs this week (“Invest in the Long Term” and “Equity Markets Grapple With Tariffs”), market volatility and pullbacks are not uncommon by any means. Unfortunately, what is also not unco

Key Takeaways

• Yesterday, Treasury yields declined as investors got nervous about growth, with the 10-year yield temporarily dipping below 4.30%. 

• Consumer confidence fell in February, creating the catalyst for a dec

On Sunday, February 9, President Trump announced new tariffs on steel and aluminum imports. These actions are consistent with his campaign promises to protect American industries and reduce the trade deficit through the use of tariffs. These new tari

Key Takeaways

• Annual inflation accelerated up to 3.0% in January from 2.9% in the previous reading. 

• Shelter costs rose 0.4% in January, accounting for nearly a third of the headline increase. 

• Energy

Fixed income investors will remember 2022–2024 as the longest and deepest yield curve inversion in modern history. After first inverting in July 2022, the yield curve didn’t revert back to “normal” until December 2024 —

While the new Donald Trump administration is still assembling, the outgoing Treasury Secretary, Janet Yellen, left a reminder that government business waits for no one. In a recent letter to lawmakers, Yellen warned that the U.S. would hit its debt c

Key Highlights from the Institute for Supply Management (ISM) Report on Business:

• Economic activity in both the manufacturing and services sectors improved in December relative to the previous month. However, the manufacturing diffusion ind