The US is abandoning austerity in favor of 'running the economy hot.' [Week #16]

Janet Yellen enters the chat

Macro dashboard update

Growth

• S&P 500 Forward Operating Earnings: Trump’s tariff policies continue to pressure forward earnings per share. However, the 12-month forward EPS has likely bottomed. With a current forward P/E of 21.4, if forward earnings return to their previous trend and reach 290 by the end of Q3, the S&P 500 could hit 6,200.