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America’s economic path entering Q3 2025 is indeed a paradox of solid job growth and gathering headwinds. The June jobs report initially showed nonfarm payrolls rising by +147,000, beating forecasts of ~110,000…
Stress Test Primary Post Title on Two Lines of Text
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The Wayfarer’s Map: Markets by Cycle
Cycles don’t move in straight lines. They swing—sometimes wildly—between boom and bust, optimism and caution. After the exuberance of the 2021–2022 rebound, when cheap capital and easy growth made everything look effortless, today’s macro environment feels like a more measured mid-swing…
