📊 Jobs Data, Tariffs in Focus

Good Evening Investors,

Macro and sentiment drivers remain key. Traders are positioning ahead of upcoming jobs data and a potential bond market pivot that could reinforce expectations for interest-rate cuts. Retail sentiment has also turned less pessimistic.

Q2 reporting highlighted improving small-cap earnings trends relative to large caps. Developments around trade and tariffs, including potential refund mechanisms, are creating new dynamics for exporters and supply-chain-linked small-caps.

Matthias Schneider
Editor at Analytica Investor