Join JP for this month’s market update as he highlights a major shift underway in equity leadership—one not obvious from headline index levels. He explains how international markets have strengthened, why U.S. returns are becoming more evenly distributed and what the rotation away from software and toward industrials, energy and infrastructure-linked names reveals about investor sentiment.

JP also walks through why the equal-weight S&P 500 is outpacing its cap-weighted counterpart, what the split between semiconductors and software tells us about positioning in the AI ecosystem, and how inflation and credit markets continue to support a constructive backdrop.

Watch now for insights on what’s rotating, what’s holding up and how broadening participation may signal a healthier foundation for the months ahead.