Market Overview - The S&P 500 is on track to end a 7-day winning streak after reaching a new all-time high [1] - Since April 8th, the market has experienced significant gains, driven by strong earnings that exceeded expectations, particularly in the context of AI advancements [2] Valuation Concerns - Current valuations appear stretched, raising questions about how much positive news is already priced in [3] - While not indicating a bubble, there is a caution regarding the sustainability of these valuations [3] Portfolio Strategy - It is suggested to rebalance portfolios by taking profits from high-performing sectors and reallocating to underperforming areas such as healthcare and small caps [4][5] - The focus should be on sectors where sentiment is less stretched, despite the potential for further gains in the current market [5] Earnings Outlook - Strong earnings growth is anticipated, particularly in the financial sector and among mega-cap tech companies, with growth rates above 20% expected [6] - The earnings story is expected to remain positive, which could support continued investment in cyclical stocks despite economic concerns [8] Economic Indicators - There is a high probability (92%) of a rate cut this month, with an 88% chance of another cut in December, indicating a shift in monetary policy [10] - Concerns about inflation persist, but small caps are expected to perform well in this environment [10] Year-End Expectations - The S&P 500 is not expected to experience a sell-off before year-end, with strong earnings supporting continued market strength [11] - The upcoming Q3 earnings season will be crucial in determining the market's trajectory, with potential for upside surprises [11][12]

Market Outlook - The equity rally has been a global affair with participation driven by different dynamics [2] - Global growth is showing positive progression in most key markets, indicating a global reflation and reaceleration [6] - Expectation is to see diversification away from the dollar in terms of reserve positions and central banks over the next couple of years [10] - A correction of 10% pullback is expected over the next 12 months, empirically from these types of levels [14] Earnings and Investment - Earnings continue to come through, underpinning the market progression [3] - Constructive view on earnings continuing through the back end of this year and into next year [4] - Hyperscaler capex is seeing roughly a 50% increase this year, with $350 billion invested in that space and expected to be close to $1 trillion over the next three years [7] - Corporate fundamentals are gaining positive momentum as people get the pass-through of growth [9] Fiscal Policy and Corporate Strategy - There is material change on the fiscal side, with Germany now talking about expansion instead of consolidation [8] - US larger cap companies are showing pricing power to pass through tariff implications to the underlying consumer, keeping margins relatively healthy [12] - Multiples and valuations don't give significant cause for concern, with MAG7 trading in the high 20s and the broad market in the low 20s [14]

Let's welcome in now Ed Yardeni. He's the president of Yardeni Research with me once again at Post Nights. Good to see you.>> My pleasure. >> Um on that issue, you say we're not seeing a bubble, but rather a bubble and bubble fears. >> Well, right now we got a bubble and bubble fears, but there are clearly elements of a bubble of a real bubble.I mean, the mult the forward PE of the S&P 500 I is about 23 right now. And uh back during the tech bubble of the late 1990s, early 2000s, we got to 25. uh the the Bu ...

Third-quarter profit growth should be solid. Tech and AI will lead the way, but earnings momentum could broaden too. ...

The biggest take away for me is that prediction markets will ultimately be a source of truth.You'll have opportunities that show themself before anything else.Take the recent Japanese Prime Minister election, everything pointed toward Shinjiro Koizumi to win, however, markets showed Sanae Takaichi win before it was made public.On top of this the ability to hedge positions for trad-fi assets will outlast that of sports markets by 100x imo.There is no market where you can hedge your trad-fi equity exposure in ...

Market Sentiment - The current market sentiment is largely indifferent to political events such as government shutdowns, with a belief that any short-term impacts will be reversed in the medium term [2][3] - Focus remains on fundamentals, inflation, the Federal Reserve, and upcoming earnings reports, particularly from banks [3][4] Consumer Behavior - Recent reports from companies like Dicks indicate that consumer spending remains stable, despite ongoing concerns about consumer health [4] Investment Themes - The conversation around investment is shifting towards identifying tier three opportunities in the power sector, as tier one and tier two stocks have already garnered significant attention [5] - There is a prevailing theme of overinvestment in certain sectors, with notable figures like Zuckerberg suggesting that the risk lies in underinvesting rather than overinvesting [9] Market Cycle - Analysts are debating the current stage of the market cycle, with some suggesting that the market is further along than commonly perceived, potentially in the seventh inning of a capex boom [11] - There are concerns that if the capex spending is indeed nearing its peak, the current market rally may be shorter-lived than anticipated [13] Future Indicators - Key indicators to watch for potential market shifts include a decrease in capex, profit warnings, and changes in corporate financing activities, though no evidence of these changes is currently observed [14]

The SNB’s gold hoard is driving a significant boost to its earnings, increasing the chance of another payout to the government https://t.co/s49EWNMw18 ...

Well, joining me now is Wharton School Professor of Finance and Wisdom Tree Chief Economist Jeremy Seagull. Jeremy, it's great to have you on the show. Welcome.>> Good to see you, Morgan. >> So, where do we go from here with stocks. >> Well, as I've been saying a long for a long time, make the trend your friend.It's the trend is on. Um, you know, but Mike Santo is right. It's been a it's been a long time since we've had any reaction.But at this point, I don't see anything immediately that is uh derailing uh ...

Core Viewpoint - AngioDynamics reported a smaller-than-expected loss in Q1 2026, leading to a 10.5% increase in stock price, despite ongoing challenges in achieving profitability [1][3][6]. Financial Performance - Analysts had anticipated a loss of $0.12 per share, but AngioDynamics reported a loss of $0.10 per share, with sales reaching $75.7 million, exceeding the forecast of $72.7 million [1][3]. - Year-over-year sales growth was 12%, driven by a 26% increase in the med tech segment, while the medical devices segment only grew by 2% [3]. - Gross profit margins improved to 55.3%, a 90 basis point increase from the previous year, but GAAP losses were significantly worse at $0.26 per share [3][4]. Future Guidance - The company expects sales for the fiscal year to be between $308 million and $313 million, with med tech sales projected to grow in the mid-teens, while medical devices are expected to remain flat [5]. - Adjusted profits are anticipated to remain negative throughout the year, with estimates ranging from a loss of $0.23 to $0.33 per share [5]. - Free cash flow is expected to be positive, but specific figures were not provided [5]. Investment Considerations - Despite the stock price surge, the company is still years away from achieving profitability, suggesting that investors may want to consider selling their shares [6]. - AngioDynamics was not included in a list of recommended stocks by analysts, indicating a cautious outlook for potential investors [9].

Market Outlook - Asian stocks are expected to outperform US stocks this quarter [1] - Attractive valuations and earnings prospects are driving the outperformance of Asian stocks [1]