Weekly Economic Report 11.7.25

We live in a divided America, both politically and economically, where discussions are of a K-shaped recovery and political affiliation is increasingly barbell-shaped with fewer in the center. Add in a 24/7/365 media environment, where fragmentation due to streaming means everyone is shouting for attention, and cacophony results. For analysts, more and more time is spent trying to discern the signal from the noise. This week presented challenges on several fronts: 1) without the official employment reports (there are two, payroll and household, and they often disagree) attention turned to alternatives, with wider disagreement on which are important and what they mean; 2) off-year elections, marked by the normal swing against the party in power, took on greater meaning during the Government shutdown; 3) the preliminary questioning in the Supreme Court case contesting tariffs was dissected for both political and economic outcomes; 4) a sell-off in the equity markets – reaching 4% from the all-time high – was sparked by concern about an AI bubble.

EU11-07-2025.pdf

Download PDF • 276KB