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 inflation to dispersion, from wall of worry to tariff impact, and the ongoing US vs. Foreign discussion. Have a great weekend!
Dave: Consumer price changes have seemingly stabilized in the 3% annualized range, manageable but above the Fed’s stated targets.
Data as of 08.12.2025
John Luke: with an even split between components that are accelerating in price and those that aren’t
Jake: The performance dispersion across types of stocks has become quite striking
Data as of 08.11.2025
Joseph: as a minority of companies have been able to outperform the indices in this earnings season
Data as of 08.11.2025
Brett: and those with iffy outlooks have been especially punished
Source: Bespoke as of 08.10.2025
Joseph: Fund managers remain highly concerned about US equity valuations
Data as of 08.08.2025
Beckham: and individuals reporting to surveys from the American Association of Individual Investor (AAII) aren’t exactly embracing the equity rally
Source: AAII as of 08.13.2025
Dave: To this point, US businesses have borne the brunt of the tariffs
As of 08.13.2025
Dave: with those numbers seemingly confirmed by actual corporate tax receipts
Source: Strategas as of 08.12.2025
Arch: The global equity rally continues to broaden throughout the world
Data as of 08.08.2025
Dave: leading to actual progress in global stock indices
Brad: That said, the US economy has reasserted its reliable tendency to deliver better-than-expected performance
Brian: Top earners continue to lead the US economy higher
Data as of 08.08.2025
Ten: extending the spending leadership established in prior decades
As of 08.06.2025
John Luke: The aggregate sum of US mortgage debt is as low as it’s been in generations
Source: Bespoke as of 08.10.2025
Arch: but we could use some new homeowners to enter the mortgage market
Data as of 08.08.2025
JD: There are additional reasons related to money supply growth, but comparing today’s valuations to those of prior decades makes little sense
Data as of July 2025
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