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 strategist chasing to inflation, earnings and the economy, to international comps and beautiful bills. Enjoy!
Brett: As is usually the case, Wall Street strategists seemingly anchor on current levels and add/subtract a made-up return number around it
Dave: setting up a comical collection of moving targets through volatile periods
Source: Strategas
Jake: While the general feeling seems to be that stocks are way up, actual returns aren’t showing extreme performance
Source: Bespoke as of 06.04.2025
John Luke: though the recent move from the lows has put itself in solid company
Dave: US consumer incomes are growing steadily, at a pace probably too high for the Fed to cut but too low to hike
Source: Raymond James as of 06.06.2025
Joseph: which is also a reasonable conclusion from the broad mix of inflation indicators
Data as of 06.11.2025
Brian: either way, the entirety of inflation in recent quarters has come from the services side
Data as of 06.11.2025
John Luke: Bonds as a whole remain a thorn in the side of allocators, providing little return and no correlation benefits
Arch: and the US Treasury has issued endless supply to cover federal spending, which probably won’t stop
Source: Apollo as of March 2025
John Luke: one bright spot is that the relative attractiveness of municipal bonds has risen
Source: Morgan Stanley
Brad: Consensus earnings estimates for 2026 have pulled back from prior expectations
Dave: and there’s a seemingly high bar to meet expectations for the 2nd half of this year
Source: Raymond James as of 06.06.2025
Dave: with that said, we’ll probably need to see a continued explosion in artificial intelligence (AI) spending
Source: Raymond James as of 06.06.2025
Beckham: Manufacturing sentiment in Europe is rising at a time of concern from US manufacturers
Data as of 06.02.2025
John Luke: but history has proven US businesses to be superior to businesses around the world
Data as of 06.06.2025
John Luke: Whatever comes out of the one, big, beautiful bill, it looks to be growth-positive in the near term. And (maybe) less growth-positive in the long term.
Data as of 06.06.2025
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