"When Core CPI is above 3% AND rising, the Fed has only cut rates one time"
"The Nasdaq Comp continues to eerily track its mid-1990s bull run"
"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"
