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Economic and Market Review May 2025
• Trump’s 90-day tariff pause expires July 9th with minimal progress on trade deals – only the UK has agreed to a largely symbolic arrangement
• US-China tensions persist despite temporary tariff reductions from 145% to 30%., Trump and Xi scheduled to speak in early June.
.• Moody’s downgraded US debt from Aaa to Aa1 following Fitch and S&P, with credit default spreads reaching two-year highs amid fiscal concerns over the expanding deficit trajectory.
.• India emerges as the primary beneficiary of trade tensions, posting 7.4% GDP growth with manufacturing up 4.8% and record smartphone exports to the US rising 30.1% year-over-year.

REPX Takes Advantage of Low Valuations To Build Asset Base
Riley Exploration Permian (REPX) is a Permian pure player, with a 60-40 oil-gas split for production. Across 78,600 acres, and a planned acquisition of an additional 47,000, REPX is guiding toward output 26.4 Mboe/d (thousand barrels of oil equivalent per day) at the midpoint or a 17.3% increase year over year.

Is Your Portfolio and Retirement Safe from the Devasting Damage of Inflation?
Investors need to be aware that inflation damage compounds over time. We have undergone a secular change, and inflation will continue to move up over the medium term.
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