Modern Macro Technologies
Research · · 3 min read Members

11/12/2025 Market Update

The government reopens without an October jobs report or CPI, and oral arguments move the odds on the tariff case — a $20-30B monthly swing for private income even without refunds. Also here: a one-week deceleration in bank credit and the dark-pool divergence.

Douglas
Market Update — Wednesday, November 12, 2025
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