August 18, 2025

Equities Gain Despite Trade Overhang

Latest Publications Equities Gain Despite Trade Overhang

Mixed Data Keeps Fed in Focus

U.S. equities finished higher for the week as investors largely looked past renewed trade tensions and rising inflation. The White House announced another 90-day extension of China’s tariff deadline, easing near-term concerns, while earnings optimism and resilient consumer spending supported risk appetite. Investors weighed mixed July retail sales data and a soft manufacturing outlook against stronger-than-expected industrial production and stable housing data, keeping expectations for Fed policy adjustments in focus.

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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.