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 rising yields and the economy, to earnings and tariffs and valuations. Enjoy!
Beckham: Rising yields is not just a U.S. phenomenon
Data as of 05.22.2025
John Luke: though if you look at the past couple of years, it’s just been a rolling series of shifting narratives
Source: Piper Jaffray as of 05.21.2025
John Luke: either way, there’s no escaping the sharp rise in borrowing costs for the U.S. government
Data as of 05.16.2025
Brad: The current rates yo-yo revolves around the ongoing news cycle of high tariffs vs. low tariffs, and how that might flow into the Fed’s rate plans
Data as of 05.20.2025
John Luke: Stepping away from the tariff discussions, conditions for a severe recession just don’t seem to be there
Data as of 05.19.2025
Joseph: and consumers in general remain in very good shape with respect to debt
Brian: Younger buyers continue to have a hard time entering the housing market
Data as of March 2025
Jake: which takes away a huge population of potential buyers in a market where prices have generally flattened
Data as of 05.16.2025
Brett: For the first time since before the tariff tantrum, consensus earnings estimates are rising
Source: @LizAnnSonders
John Luke: with Mag 7 stocks leading the way with generally strong outlooks coming out of earnings calls
Source: The Market Ear as of 05.19.2025
Dave: and that better relative earnings performance has narrowed the valuation gap between the Mag 7 names and the rest of the market
Source: The Market Ear as of 05.19.2025
Arch: The cost of money has historically impacted equity valuations more in periods of positive correlation between stocks and bonds
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