With endless blocks of skyscrapers, millions of fast-shuffling feet and only a tiny presence of Baylor alumni, it’s easy for the Bears of New York’s finance scene to feel as out of place as the 1600-mile distance from Waco would suggest. But there’s a world out there where Baylor’s footprint in the Big Apple is just as sizable as the dominant ones in Dallas and Houston.

“Generally, tariffs are considered to be negative for economic well-being,” Davidson said. “So initially, stock markets around the world sank following the imposition of the Liberation Day tariffs. However, since then, the U.S. stock market has rebounded dramatically.”

The U.S. stock market just got a Texas-sized addition. The Texas Stock Exchange received approval from the United States Securities and Exchange Commission to launch a new stock exchange, with TXSE set to begin trading stocks by early 2026.