MacroEdge 2/2 Macro Report: Trump Tariff Risks, Valuation Updates, Crypto Circus, AI Risks, January Bankruptcies/Defaults/Closures, Employment, Inflation, and More

In this Weekly Macro Report, our time dives into everything from risks to the AI trade, the latest tariff announcements and actions, bankruptcy and default data we're now tracking, and more.

Good Sunday evening all,

This evening in our latest rendition of the Ozone Report, we’ll dive into the latest in the tariff tumult hitting global markets. We’re seeing downward pressure on everything from AI to tech to crypto (don’t forget a DeepSeek risk out in the wild)... it’s also an employment week, and we’ll see what a half Biden/half Trump month looks like on the employment front. It’s unlikely that migration slowing 95% will be captured in the January report yet, and the same goes for a slowing in government job growth.

This Friday, Anna Wong, Chief Economist at Bloomberg LP, will join us for MacroEdge Radio at 4pm EST to discuss tariff impacts, macro, the January employment data, and more. In the Midweek Macro note - we’ll have an update on our January employment outlook, as well as 2025 Roadmap update - marking the first of the year. Make sure to get Ozone below and don’t miss a MacroEdge beat as we scale through 2025.

We’ll send out an email tomorrow evening with a reminder on how to RSVP, but you can RSVP now through the Twitter (X) Spaces link. This will also be the first time we will have the Spaces streaming currently to Substack live (audio only) so you can listen in on either platform.

RSVP Link:

Let’s dive into the report.