High-Freq Data and DOGE Monitor - 2025-06-17

Another week of slightly elevated jobless claims. But there's good news in the high-frequency data, too. S&P 500 365 days-ahead forward earnings have recovered from their double dip under the threat of tariffs, and are now making new all-time highs. If you take the Magnificent Seven out, the other 493 stocks still have a couple basis points to go.