Why are stocks defying expectations?

Strong earnings reports, resilient consumer spending, and investor optimism despite economic headwinds have driven equity markets higher than forecast.

What risks could challenge this resilience?

Persisting inflation, central bank policy shifts, and geopolitical tensions remain key risks that could test market momentum.

How should investors approach this environment?

Maintain diversification, focus on quality companies, and stay disciplined rather than chasing short-term performance trends.

Market Update: Stocks Continue to Defy Expectations

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Market Update: Stocks Continue to Defy Expectations

Chief Investment Officer Joseph “JP” Powers reviews asset class returns, the Big Beautiful Bill and what to watch in the second half of 2025.

In this month’s video, JP discusses the market’s journey over the first six months of 2025 and looks ahead to the second half. He touches on key provisions in the Big Beautiful Bill and the implications for the deficit, how earnings expectations are rising for 2026, and the “Goldilocks” zone for inflation and the job market. Watch now to learn where JP sees risk and opportunity for investors and the economy!