Market Overview - The current market phase is characterized by healthy profit-taking, which is seen as a normal behavior in a bull market, allowing for a more stable setup towards year-end [2][3] - The market is currently experiencing earnings-driven growth, with a fair value estimate around 6600 based on expected earnings growth [4][5] Earnings Growth - Earnings growth is prioritized over cyclical factors, indicating that while growth may not disappoint, it is already reflected in stock prices [6] - There is a notable disconnection from GDP, with the current focus being on structural strength that is already priced in [7] Investment Strategy - The recommended strategy is to buy on dips and sell on strength, which is considered healthy behavior in a bull market [7] - Large-cap growth stocks are favored due to their strong earnings momentum, while small-cap stocks are beginning to show signs of recovery from an earnings growth recession [8][10] Small-Cap Stocks - Small-cap stocks are highlighted as having real earnings growth for the first time in over eight quarters, making them an attractive investment option [13] - The macroeconomic environment, including potential Fed easing, is expected to support small-cap growth moving forward [10][12]

Market Outlook - A healthy bull market should experience profit-taking, suggesting a potential volatile phase is normal and could lead to a healthier market setup [2] - The current market situation is earnings-driven by profitable companies, differentiating it from past bubbles where earnings couldn't meet expectations [5] - Strategists suggest buying on dips and selling on strength, which is considered healthy behavior in a bull market [7] Investment Strategy - The firm recommends a barbell strategy, pairing large-cap growth stocks with small-cap stocks for Q4 [10] - Large-cap growth stocks have strong earnings momentum and should be bought on any weakness [8] - Small-cap stocks have been left behind but are showing an inflection out of an earnings growth recession, making them attractive [9][10] Economic Factors - The market's current performance is disconnected from GDP, focusing more on structural factors that are already priced in [7] - The expectation of Fed easing could be a macro catalyst for small-cap growth [10] - Tax tailwinds are offsetting tariff concerns, supporting earnings growth, especially for small-cap companies [12] - Small-cap companies are showing real earnings growth for the first time in more than eight quarters [13]

Market Strategy - Regularly lock in profits to mitigate risks from sudden market swings [1] - Monitor the impact of the US government shutdown on spot altcoin ETF approvals [1] - Scan for emerging trends, specifically capital rotating into newer, riskier assets [1]

Market Overview - The equity market has experienced a significant recovery since Liberation Day, with low stocks increasing by 38% [1] - The current period, historically challenging, includes August, September, and October, suggesting a potential for a 5-10% correction due to high forward multiples for the S&P at approximately 22 times earnings [2] Earnings Performance - Second quarter revenues rose by 6% year-over-year, while earnings increased by 12% year-over-year, both exceeding expectations [4] - Earnings estimates for the remainder of the year are being reevaluated upwards, indicating solid double-digit growth [5] Economic Indicators - The GDP estimate for the U.S. next year is projected at 2.8%, significantly higher than the blue chip consensus of 1.5% [6] - International stocks are currently valued about 40% cheaper than domestic stocks, with a typical discount of around 20% [8] Investment Strategy - There is a belief in a rolling rotation within the market, with potential profit-taking from high-performing stocks benefiting small-cap, value, and international names that have lagged [3] - The international asset class is favored, supported by a weak dollar and more accommodative foreign central banks, which are expected to facilitate stronger economic and earnings growth [9][10]

An ETF favored by China’s so-called national team is set to suffer the longest streak of outflows since 2020, suggesting investors are taking profit after a monthslong rally https://t.co/PPGvdUSfyR ...

We are back here on Market on Close. I'm Sam Vis here on the floor of the New York Stock Exchange alongside Marley Kaden in our Chicago headquarters. There's just a few minutes left in today's session.And let's welcome in Kevin Green, senior markets correspondent to help close out today's session. All right, Kevin, what levels are you watching on the S&P 500. What have we been watching today.Because we did certainly hit all-time highs as we got started this morning, but certainly losing altitude throughout ...

Bitcoin has been stuck above $110k for 71 days.Why? OGs taking profits clash with institutions buying aggressively.With selling pressure cooling, bullish seasonality ahead, and Fed rate cuts in play, BTC is primed for a breakout Q4.[Presented by @JoinHorizon_] https://t.co/pvxbGc8y58 ...

Accumulate in September.Take profits in Q4.Don't get fooled now! ...

Smart whales are dumping $PUMP they bought two months ago to lock in profits!6AkVuG sold 466.74M $PUMP($3.27M) 6 hours ago, making a profit of $1.96M(+149%).58teLV sold 272.24M $PUMP($1.95M) 11 hours ago, making a profit of $1.16M (+133%).https://t.co/F5Pc9Ox5BVhttps://t.co/dfc3v5uQGW ...

Core Insights - Bitcoin experienced a slight decline due to profit-taking after reaching a one-month high [1] - The Federal Reserve resumed interest rate cuts, initially causing Bitcoin to drop, but later it rebounded as the Fed indicated further rate cuts favorable for risky assets [2] Group 1: Market Reactions - Bitcoin fell slightly as traders took profits after a recent peak [1] - The Federal Reserve's decision to cut interest rates led to an initial drop in Bitcoin prices [1] - Bitcoin later reversed its trend and increased as the Fed's stance on further rate cuts was seen as positive for riskier investments [2]