Markets take Supreme Court tariff ruling, US-Iran tensions in stride
Markets largely expected last week’s tariff decision and the flare-up in US-Iran tensions, while new US economic data was weaker than anticipated.
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Like QQQ, QQA tracks the Nasdaq-100® Index, but it’s also designed to provide consistent monthly income and maintain growth potential — all with less volatility and downside risk mitigation.
Provides exposure to the 100 largest domestic and international nonfinancial companies listed on Nasdaq.
Like RSP, RSPA tracks the S&P 500 Equal Weight Index, but it’s also designed to provide consistent monthly income and maintain growth potential —all with less volatility and downside risk mitigation.
Provides equal weight exposure to the largest 500 companies in the US as defined by S&P.
Markets largely expected last week’s tariff decision and the flare-up in US-Iran tensions, while new US economic data was weaker than anticipated.
The US Supreme Court struck down IEEPA tariffs, but alternative statutes may mean tariffs remain, although the market impact appears limited.
On one side, weaker growth makes Fed easing more likely. On the other side, stronger growth supports an intact business cycle. Either can be supportive of markets if inflation stays contained.
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