In this week’s episode, the AMI team unpacks a busy week in markets—from upbeat job numbers and sticky inflation to the ripple effects of rising tariffs. AMI discusses developments in the bond market, which has stabilized after early volatility. We also unpack Big Tech earnings and the implications for the broader economy. As consumer confidence sinks, actual spending holds up. This curious dynamic has led to clear winners and losers, from Chili’s value-driven surge to Starbucks’ and McDonald’s struggles. Get the full scoop on what’s driving markets and how companies are adapting.