Markets Continue to Shrug Off Geopolitical Disruption

Greg and Doug Stokes start this week’s discussion with the European Union and South Korea trade deals. They also look at the massive windfall in profitability from the largest companies in America, which continues to buck the narrative that geopolitical uncertainty is going to push us into a downturn. Then, they explore inflation, housing, and the job market, particularly in light of the growing influence of AI.

Key Takeaways

[00:16] - New trade deals

[03:04] - Meta, Microsoft, and how the business sector continues to shrug off geopolitical disruption

[06:34] - Geopolitical implications of technology

[11:29] - How the decline in rental income could affect inflation more than tariffs

[19:41] - AI is transforming the job market and the economy

View Transcript

Links

Tom Lee: 2Q25 EPS season strong with 83% beating, implying EPS YoY >12%

Repeat home sales and leading apartment rent indexes both point to lower shelter inflation ahead

Apartment List: The national multifamily vacancy rate ticked up to 7.1% this month

Wall Street bull calls for 11% rally in S&P 500 to end 2025 as trade 'uncertainty' subsides