Why do companies need rate cuts if M&A is back and corporate earnings are up?
1. Earnings growth for investment-grade companies remains strong at 7.6%. 2. Mergers and acquisitions are surging, reaching $423 billion in July. 3. Wholesale price data indicates possible future tariff cost impacts. 4. Tariff-related uncertainties may affect investors' sentiment and stock performance. 5. S&P 500 index remains up 9.9% this year but showed recent declines.