US Supreme Court Strikes Down Trump Tariffs

Published on February 20, 2026

Today, the Supreme Court stripped away the Trump Administration's power to impose sweeping tariffs through emergency authority—but the battle over US trade policy is far from over.

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The Big Four Recession Indicators

February 20, 2026
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.

Addressing the ‘State’ of the Midterms, Economy and Markets

February 20, 2026
It’s been a busy start to the midterm election year in Washington, marked by a second government shutdown, rising geopolitical tensions - including Iran and Venezuela – and continued uncertainty around tariffs.