What to Watch Next

All eyes are on consumer stress signals—especially late payments as debt and rates climb—and whether job and wage growth stalls further. In the markets, upcoming rounds of corporate earnings and possible Fed rate decisions could either steady or upend risk sentiment. Expect fresh volatility as Trump’s tariffs escalate and trade partners jostle for exemptions. The key question: Will the resilience in corporate profits and consumer spending hold, or does a debt-fueled slowdown await? Watch for cracks in both household balance sheets and global trade flows as summer wears on.