US equities were mostly lower for the week, with the S&P, Nasdaq, and Russell extending last week's slides. Trump 2.0 policy uncertainty remained a key focus, with Trump this week reiterating plans to impose 25% tariffs on Mexico and Canada next week and announcing a further 10% levy on Chinese goods. The January core PCE report was a bit of an anticlimax, coming in largely in line and consistent with expectations weighting differences would translate into a cooler read than was seen with CPI earlier this month.

US equities were lower in Thursday trading as stocks ended near worst levels. Trade was the main area of focus today, as President Trump said Canada and Mexico tariffs are on track to go into effect on March 4th, when China will also be hit with an additional 10% tariff. Headline January durable goods orders topped forecasts, though ex-transport was flat against expectations for a monthly rise.

US equities were mostly higher in Wednesday trading, though stocks off best levels with some blame going to the latest flurry of Trump tariff headlines. A fairly choppy day today with a number of moving pieces. In macro news, new home sales fell by a much worse than expected 10 point 5% in January, though December saw an upward revision.

US equities were mostly lower in Tuesday trading though stocks ended off worst levels. Big overhang earlier in the day was the heightened scrutiny surrounding the soft/no-landing narrative following softer sentiment data. February consumer confidence index dropped sharply.

US equities were mostly lower in Monday trading as stocks ended the day just off worst levels. A bit of an up-and-down day today with the market unable to translate early strength into a bounce, but also saw limited downside despite some sharp selling pressure late last week. In macro news, Dallas Fed manufacturing missed consensus and saw rising cost pressures along with some negative commentary around immigration and trade worries.

US equities were lower this week, as stocks ended the week below best levels after the S&P 500 hit fresh record closes this week. This week saw a rotation toward defensives and away from cyclicals and tech. Data this week included February flash Manufacturing PMI ahead of consensus, though flash Services missed and fell into contraction for the first time in just over two years, with the report flagging uncertainty over federal government policies.

US equities were down in Thursday trading, but ended off worst levels. The market saw broad weakness today after a few uneventful sessions. In macro news, initial claims printed at 219 K, a bit ahead of consensus and slightly higher week over week.

US equities were mostly higher in Wednesday trading as stocks finished just off their best levels, with the Dow Jones, S&P500, and Nasdaq closing up 16bps, 24bps, and 7bps respectively. Trump indicated 25% tariffs on autos, chips and pharmaceuticals. January FOMC meeting minutes reiterated that Fed can afford to be patient to assess the economic outlook; however, some officials flagged inflation that remains somewhat elevated. January housing starts missed but December’s revised higher, while building permits beat. Today's $16B 20Y auction tailed.