Weekly Bottom Line
• The effects of the Iran war were evident in the CPI inflation report, which hit a three year high in May. Core inflation edged up to 2.9% y/y in line with consensus expectations. • NFIB pricing indicators also moved higher in May and inflation concerns continued to rise, while hiring plans continued to soften. […]
Introducing the IPO Class of 2026
The U.S. initial public offering (IPO) market appears to be entering one of its most consequential periods in years. After a long drought following the 2021 issuance boom, a healthier macro backdrop, improved risk appetite, and a long queue of mature private companies have reopened the new-issue window. The potential 2026 class is unusual not […]