Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from earnings hits/misses and Big Tech dominance, to mixed economic data and mixed markets, and comparing this market to the past. Have a great weekend!
John Luke: Companies with earnings misses have not been treated well
Data as of 08.01.2025
Brad: but as a whole, earnings reports have been generally good
Data as of 08.01.2025
Beckham: and for Big Tech, even better than their always-lofty expectations
John Luke: The resulting outcome from the overall mix is a continuation of dominance by the biggest of the big
Data as of 08.01.2025
Brad: and pleasant surprises across a majority of sectors
Data as of 08.05.2025
Dave: with particular strength in revenue growth
John Luke: While corporate earnings have been good, most jobs data hasn’t been as rosy
Data as of 08.01.2025
John Luke: and even so-so reports have later become weak reports, as far as job data goes
Data as of 08.01.2025
John Luke: That said, past recessions have seen significant weakness in earnings before triggering, and we are miles from seeing that so far
Data as of 08.05.2025
Dave: Maybe tied only to uncertainty around tariffs, but overall consumer spending has fallen below the trend of recent years
Source: Raymond James as of 08.04.2025
John Luke: but it’s important to note that consumer balance sheets have continued to improve
Data as of July 2025
Joseph: While there is no denying the fundamental strength of the largest US companies, the period since the tariff lows has seen huge rallies in stocks whose fundamentals may be more in question
Source: Bespoke as of 08.05.2025
Brad: putting speculative names in the headlines on a daily basis
Data as of 07.28.2025
Brian: Buying a broader list of small stocks on “cheapness” has been a losing strategy for over a decade
Data as of 07.28.2025
Ten: but there are surely selective long-term opportunities building in names outside of the Mag 7
Data as of 08.05.2025
Arch: Debates will continue about the status of this bull run, but it’s not overly advanced relative to past rallies
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