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 low quality and high quality stocks to the state of the US consumer, and projections for rates and the relentless appetite for US large cap stocks. Hope you have a Happy 4th of July!
Brad: It was a very strong 2nd quarter, but especially strong for high beta stocks, as often happens after market drawdowns
Brett: with a clear dominance by retail names over institutional types
Beckham: Over longer time frames, companies that can afford to pay growing dividends have generally performed better
Beckham: with that advantage compounding dramatically over time
Joseph: The superior fundamentals of larger US companies really show up when you take long-term snaphots
Data as of March 2025
Ten: and it also shows up in performance, as small caps struggle in a runaway bull for larger cap indices
Source: Bloomberg as of 06.30.2025
John Luke: In contrast to our federal government, the aggregate US consumer ledger is in great shape and continuing to improve
Dave: and the resulting spending has helped extend economic growth whenever conditions appear a bit wobbly
Source: Raymond James as of June 2025
Arch: The setters of short-term rates are more worried about inflation than deflation
Source: Apollo as of 07.01.2025
John Luke: but markets are confident they’ll come around to the idea of deeper rate cuts
Brian: The US Dollar has pulled back significantly this year, from its relentless move higher
Data as of 06.30.2025
John Luke: but the dominant role of US assets remains
Source: Goldman Sachs as of 06.30.2025
Jake: The month of July has treated investors well over the past decade, benefiting from a focus on corporate earnings
Source: Charlie Bilello as of 06.30.2025
Disclosures
Past performance is not indicative of future results. This material is not financial advice or an offer to sell any product. The information contained herein should not be considered a recommendation to purchase or sell any particular security. Forward-looking statements cannot be guaranteed.
Projections or other forward-looking statements regarding future financial performance of markets are only predictions and actual events or results may differ materially.
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