TRA Macro Tracking Index

Markets are reacting favorably to Trump's statements that the U.S. will be out of Iran in two to three weeks. That being said, more troops and resources are being sent to the Middle East, so actions may not be in sync with words. But yields fell slightly, along with the dollar, on the news. President Trump's address may offer some clues as to the U.S.'s goals and objectives, which so far have not been clearly or consistently conveyed to markets. Fed Chair Powell's statements earlier this week set the expectation for higher yields and the market is not pricing in more rate cuts for the year as of today.

Some key macro data drops this week, so stay tuned as always!