Week of June 23, 2025
While global attention remains focused on Iran, several other important developments continue to unfold beneath the headlines. In the Senate, Republicans are still working through the details of Trump’s “Big Beautiful Bill.” Meanwhile, the conflict between Russia and Ukraine grinds on in a virtual stalemate. On a more constructive front, trade negotiations between the U.S. and the European Union—centered on non-tariff matters—indicate that progress is being made. Our Signals remain unchanged.
Bob Bilkie, CFA
