"Should interest rate relief be delayed, small caps will likely underperform"
Retail flows are marching higher, Pros flows have been trending sideways
"58% of companies raised their full-year 2025 guidance, double the share of firms that did so in 1Q"
"On the surface: steady and solid consumer momentum. Under the hood: a rising share of sales growth is being 'paid for' by inflation"
"This was over an 8 standard deviation surprise, the largest one since the January 2021 PPI was released"
Institutional allocations to equities are at the highest level since November 2007
