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America’s Healthcare System Is Still Broken
Published on July 22, 2025
Ignoring U.S. healthcare problems won't make them go away.
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Sector Views: Monthly Stock Sector Outlook
July 22, 2025
We continue to maintain a Marketperform rating on all sectors, a position we adopted in April after the White House unveiled a policy of steep but fluctuating global tariffs.
The Impression of Invincibility
July 22, 2025
With our most reliable stock market valuation measures at the highest extremes in U.S. history, it’s useful for investors to remember that a market crash is nothing but risk-aversion meeting a market that is not priced to tolerate risk.