Branch: Lower rates are coming, it doesn’t matter if it’s September or later

Market Outlook & Fed Policy - The market anticipates the Federal Reserve will acquiesce to the administration's desire for lower rates, regardless of specific economic data releases like PCE, jobs reports, or CPI [3][6] - Lower rates are expected to increase money supply, which is considered a primary driver of equity values and earnings growth [3][7] - The market is expected to follow the Fed's actions, reinforcing the mantra of "don't fight the Fed" [7] Sector Performance & Investment Strategy - Small caps have outperformed the broader market, rising over 7% this month [4] - Healthcare and consumer discretionary sectors have shown leadership this month [4] - The market is experiencing a broadening, suggesting a rising tide that will lift all boats [5] - Superior earnings growth is a key factor in sector selection, with tech and AI data center names expected to achieve 30%+ growth [8] GLP-1 Sector Analysis - The GLP-1 sector is currently experiencing a pullback due to a lack of an inflection point [9] - The GLP-1 market is predicted to reach a peak annual market size of $150 billion to $200 billion [9] - Metera is positioned as a leader in the evolution of the GLP-1 market [9]