Macro
Latest VonTrend reports on Macro — the trends, stocks, and setups that move before Wall Street catches on.
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Wholesale Inflation Is Running Twice as Hot as Consumer Inflation
June producer prices fell 0.3% and the drop was almost entirely gasoline. Strip fuel out and wholesale costs are still climbing at roughly double the pace stores are charging shoppers.
Jul 15, 2026 -
Inflation Cooled the Most in Years but the Fed Won't Cut Yet
The best inflation report in years landed the same morning a new Fed chair told Congress he will not tolerate rising prices. The collision, not the number, is what moves portfolios.
Jul 14, 2026 -
Best Steel Stocks: Top Picks Right Now
Section 232 tariffs jumped to 50%, imports are retreating, and US steel prices sit at their highest in more than two years. These seven producers and suppliers stand to gain the most.
Jul 12, 2026 -
Best Infrastructure Stocks Right Now
US data center power demand is set to jump from about 31 gigawatts in 2025 to 41 in 2026, and the companies that build the grid, roads, and sites underneath it are the quiet way to own the boom.
Jul 10, 2026 -
Is Money Leaving Tech?
The Dow hit an all-time high Thursday while the Nasdaq fell for a second straight session.
Jul 3, 2026 -
A 57,000-Job Miss Lifted Utilities and Gold, Not Small Caps
A weak labor print was supposed to be fuel for rate-sensitive stocks. Investors bought defense instead.
Jul 2, 2026 -
A 5-4 Ruling Lets the Fed Keep Its Independence
The Supreme Court said a sitting Fed governor stays in her seat. Markets had been pricing the opposite into long-term bond yields.
Jun 29, 2026 -
The Nasdaq Just Logged Its Fifth Straight Loss
Money flowed out of technology and into defensive corners of the market all week as the first half of 2026 nears its close.
Jun 27, 2026 -
Cheaper Gas Pulled Consumer Confidence Off a Record Low
Sentiment climbed back toward 49 in June from May's all-time low of 44.8 as gasoline prices eased after the Iran truce.
Jun 26, 2026 -
Caterpillar Jumped 6% as Money Left the Mag 7
Two mega-caps dragged the S&P 500 lower while the Dow, small caps, and the average stock all closed higher.
Jun 25, 2026 -
Inflation Hit a 3-Year High and Stocks Are Rising Anyway
May's PCE index rose to 4.1%, the fastest pace since 2023, yet the rate hike that number implies did nothing to stop the buying.
Jun 25, 2026 -
Nine Fed Officials Now Forecast a Rate Hike
The Fed's own projections flipped from a rate cut to a possible hike, and the two-year Treasury yield jumped to a one-year high.
Jun 17, 2026 -
Shoppers Kept Spending While Discretionary Names Cracked
Headline retail sales beat for a second straight month, but the strength is concentrated in staples and online orders while experiential spending slips.
Jun 17, 2026 -
Wholesale Prices Are Rising at the Fastest Pace Since 2022 and the Fed Meets Next Week
Producer prices jumped 1.1% in May on a wholesale gasoline surge, while core inflation came in below forecasts for the second report in two days.
Jun 11, 2026 -
What Happens to Stocks When the Fed Raises Rates
The Fed has not raised rates since 2023, and the first live hike debate in years is now on the table. History says the pain is never spread evenly.
Jun 11, 2026 -
Lululemon Is Near a 52-Week Low While Off-Price Retailers Sit Near Highs
A New York Fed survey shows household financial stress at its highest in nearly four years, and the split is showing up cleanly in retail stocks as discount names hold and premium brands crack.
Jun 8, 2026 -
The OECD Cut Its Global Growth Forecast and Blamed the Iran War for Most of the Damage
The first major institution to put a number on the energy shock sees inflation climbing even as growth slows, the classic shape of stagflation.
Jun 4, 2026 -
The S&P 500 Is Priced for 22% Earnings Growth. Here Is What Has to Go Right.
The Shiller CAPE ratio is at its second-highest reading in 140 years. The forward P/E assumes double-digit profit growth through 2027. This week's data from Salesforce, Dell, and the PCE print will tell you whether those assumptions hold.
May 25, 2026 -
PCE, Dell, Salesforce, and Marvell All Report This Week. What Breaks First?
The new Fed chair's first inflation reading and three AI-driven earnings reports land within a single trading session in a compressed four-day week. The market's dual thesis on rates and AI capex gets tested simultaneously.
May 24, 2026 -
Kevin Warsh Is Fed Chair. The Hard Part Starts in 24 Days.
The narrowest confirmation in modern history. A fractured committee. And 3.8% inflation with no room to cut.
May 23, 2026 -
The Inflation Pipeline Just Exploded
April wholesale prices jumped nearly three times more than economists expected. The Iran war's oil shock is no longer just at the gas pump. It is moving through every layer of the economy.
May 13, 2026