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Taxes, Tariffs, and a Tumultuous Quarter – Q2 2025 Market Update
July 9, 2025
The passing of the One Big Beautiful Bill Act on July 4 largely extended existing tax policy, putting one market uncertainty to rest, while doing little for the deficit. Trade policy remains a wild card, with President Trump back on the tariff trail. Investors are also focused on the economy and corporate earnings, which remain strong, and on continuing geopolitical pressures and, in the United States, high levels of partisanship.
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