Trade War Claims Another Victim As Whirlpool Gets Hard Lesson In Trump-o-nomics

Few companies have issued guidance in July, but trends as of now indicate optimism — management has continued to guide above analysts’ raised expectations. Of the Banks that reported last week, responses to questions on tariffs/trade indicated no significant changes in consumer behaviour or impacts to businesses so far. Given that a trade war – and its potential impact to global growth – is a risk to the global S&P 500, we are monitoring guidance/commentary closely for any signs of d