Video: Macro Minute: As 2Q26 comes to an end, equity markets still in good shape… but NYSE margin is a further sign consolidation likely ahead

Video: As the 2Q comes to an end, equity markets did well, but the market sees a more hawkish Fed.  We remain less hawkish than the market and believe truflation being low supports our take.  The May increase in NYSE margin debt is the single highest ever and adds to our view that we will see a downturn at some point later this year.

Please click here to view our Macro Minute (duration: 6:33).

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