Market Overview & Strategy - The market has been too focused on the Magnificent Seven, with over half underperforming the S&P year-to-date, suggesting a broadening market [3] - The strategist recommends focusing on the S&P equal-weighted index, anticipating it will outperform the market-weighted index [4] - The firm favors mid-cap stocks, specifically those with high quality characteristics [4] Investment Opportunities - The firm defines quality as companies with high returns on invested capital, low net debt to EBITDA, and high returns on equity [6] - The firm is bullish on AI and seeks companies that can make upfront investments, benefiting from tax bill incentives like R&D expense deductibility [7] - Opportunities exist within the mid-cap space, particularly in the quality spectrum [7] Macroeconomic Factors - The EU-US trade deal provides certainty to European markets and supports the US market [2] - The likelihood of a September rate cut by the Federal Reserve has decreased from approximately 90% to under 60% due to a stronger economy [8][9] - The firm anticipates the US-China trade talks will result in an extension, which is viewed as positive for the market [10][11]

Futures Climb Along With the Dollar After the European Union Reached a Trade Deal with President Donald Trump. Get market insights on Bloomberg Surveillance. @tomkeene @ptsweeney are LIVE on YouTube https://t.co/m9IglISGoz ...

See, let's get uh to the other big trade story today. Treasury Secretary Scott Bessant resuming talks with his Chinese counterparts on a potential deal with the US. Aean Jmers.Really. It's in Stockholm, Sweden. Well, isn't that uh nice.Uh and he joins us now. Good morning, uh Aean. Beautiful city.Good morning, Joe. Yeah, it is a beautiful city. Somebody had to throw themselves on the grenade to get this assignment, so I volunteered for it.Uh look, high stakes in Stockholm today. It's been a bumpy ride as yo ...

The EU’s promise to buy $750 billion of American energy imports over three years was pivotal to securing a trade deal with President Donald Trump, but it’s a pledge it will struggle to keep https://t.co/IxtiuLgzNA ...

Financial Impact - European automakers, including BMW and Mercedes-Benz, are expected to receive a €4 billion earnings boost from the EU-US trade deal [1]

Market Outlook - Goldman Sachs raised its target for Chinese stocks [1] - Improving prospects for a US-China trade deal cited as a key factor [1] - Removal of a key overhang for the market expected [1]

UK Prime Minister Starmer will meet US President Trump on Monday in a bid to remove the remaining obstacles to their trade deal and press for a lasting ceasefire in Gaza https://t.co/XbxTtlszBm ...

Investors expect automakers and luxury goods makers to lead a relief rally in European stocks after the US and European Union agreed to a trade deal https://t.co/i8RBq3IOlu ...

The EU trade deal with the United States is a massive win for America.It is almost like the tariffs are working... ...

U.S. And European Union Agree On Trade Deal—Setting Tariffs At 15%https://t.co/wIc0ED0WfE https://t.co/GJW2hMHbwF ...