Podcasts about industrials

Cracking day with the ASX 200 up 107 points to 8770 (1.2%) as banks, tech and resources fired simultaneously. US markets were the catalyst, but local enthusiasm was the fuel. The banks roared ahead with CBA up 1.4% and the Big Bank Basket up to $280.63 (+1.0%). Financials generally firm, QBE up 2.4% and MPL rising 1.6% with XYZ up 3.0%. REITs too firm, GMG up 1.5% and SCG rising 0.8%, rate cut hopes helping the whole sector. Industrials also finding buyers, retail firmed, JBH up 1.8% and WES up 2.8% with SGH up 1.3% and FLT bouncing 1.5%. Tech stocks better too, WTC up 0.8% and XRO rallying 0.7%. Utilities were also form, ORG up 1.4%. In resource land, gold miners popped some corks, NST up 1.0% and NEM rising 4.1%. Rare earth stocks got a boost from media reports that a floor price would be put in place for product, LYC up 5.2% and ILU charging 8.7% ahead. MIN had a good day too. The iron ore sector was modestly higher, FMG up 0.5%. Oil and gas saw some buyers, BPT up 3.0% and WDS up 1.4% with uranium stocks slightly firmer. In corporate news, EOS went crazy on a big EU laser order, up 43.4% CCP defied the gloom and knocked the lights out, up 16.2% and ASB got a government tick pushing 7.9% higher. TPG announced that shareholders will be given cash back following the recent sale of its fibre business. TLX smashed 8.5% on higher operating costs.On the economic front, ANZ– Roy Morgan consumer numbers were very positive. Asian markets firmed, 10-year yields fell to 4.22%. US futures slightly firmer.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 fought back from early losses to close down only 14 points to 8743 (0.2%). Banks back with CBA up 0.5% and NAB rising 1.1% with the Big Bank Basket up to $281.36 (+0.5%). Financials firmed, HUB up 1.6% and QBE firing 0.5% ahead. REITS better, GMG rising 0.6% in better data centre hopes, Industrials firmed again, BXB up 0.6% and retail doing well, JBH pushing another 1.3% ahead, ALL bounced 2.4% with travel stocks under pressure as FLT downgraded guidance, off 7.3%. WEB fell 2.2% in sympathy. Tech rose as US tech led the way, WTC up 1.0% and TNE ahead by 1.9%. The All-Tech Index up 1.2%. Resources under pressure again as iron ore slid under $100 in Asian trade on Chinese PMI. BHP down 2.4% and RIO copping a drubbing down 3.6% as FMG fell 2.3%. Gold miners were also under pressure, NST down another 2.2% with EVN off 3.0% and NEM falling 1.6%. Lithium too unwinding in a hurry, PLS down 7.0% and LTR falling 4.9%. IGO continued to drop off 4.5% and LYC succumbed off 2.5%. Uranium shorts got stuck in again, BOE falling another 6.7% with PDN off 2.7% and oil and gas flat, BPT whacked on a quarterly update, off 9.3%.In corporate news, plenty of quarterlies out, AGL rose 0.1% on its grid battery project, CTT smashed 23.5% on tax changes on small parcels in the US, MIN crashed 7.1% on broker downgrades. In economic news, building approvals and retail sales. In China PMI came in below forecasts. 10-year yields steady at 4.27%Asian markets mixed again, Japan up 1.1%, China down 1.6% and HK down 1.5%. European futures up slightly. US Futures Dow up 141 and Nasdaq up 315.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Healthcare stocks have been under a lot of pressure of late as markets continue in rotational moves. Healthcare has been basing, going back to April; not going up, not going down, just traveling sideways. Meanwhile, Technology has been doing very, very well...and getting very, very over bought (looks a lot like the S&P 500). If we start to see a correctional move in the S&P, we could see a move to areas in which there is good fundamental value (like Healthcare), and also into areas that have been beaten up: They're not going down anymore, but they haven't been rising, either. These could catch some rotational action. Basic Materials, Industrials, and Transports all have been doing well as a result of the AI-chase and the associated infrastructure build-out. But Utilities, however, have been doing okay as a mixed bag of companies: These may come to be seen as a risk-off defensive play. Similarly, REIT's haven't gone anyway as a function of interest rates. There remains risk of a correction; timing is always the problem. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=PrBF8fbdFEo&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1  ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next Candid Coffee, "Savvy Social Security Planning," August 23, 2025: https://streamyard.com/watch/pbx9RwqV8cjF ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketRisk #MarketCorrection #MarketRotation #Healthcare #Technology #BasicMaterials #Industrials #Transports #REIT #InvestorExhaustion #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

The ASX 200 rose 52 points to near record highs of 8756 (0.6%) after a benign CPI ensured we should get a rate cut in August. Familiar story, Banks firm with CBA up 1.6% and the Big Bank Basket up to $279.88 (+1.4%). MQG rose0.8 % with financials firm, as insurers rose surprisingly as yields slipped. QBE up 0.8% and SUN up 0.8%. GQG still feeling unloved. REIT boosted by lower rates with SGP up 2.2% and VCX rising 1.7%. Industrials too firm, BXB up 1.9% with JBH doing well as retail firmed, WOW and COL also better by around 2%. Tech mixed. In resources, gold miners were a mixed bag, EVN up 1.4% with PNR rising 1.9% and GMD up 0.8%. Iron ore stocks mixed, FMG better. RIO results after hours, down 1%. Lithium mixed as PLS had a good quarterly up 3.0% but IGO punished on a negative update, down 7.2%. Oil and gas stocks eased, uranium stocks mixed, BOE recovering 3.6%. In corporate news today, plenty of quarterlies, APX crushed on AI uncertainty, MIN rose 2.3% as it met its FY guidance. PNV rose 7.8% after earnings report.In economic news, CPI came in benign at 2.7% for core, hopes rose for a rate cut on 12th August. Asian markets mixed, Japan down 0.1%, China up 0.4% and HK down 0.6%. European market opening slightly higher. Waiting for Fed, tariff news and tech results. US futures slightly higher. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Wall Street snapped a six-day winning streak overnight, as investors turned cautious ahead of the highly anticipated Federal Reserve meeting. Industrials led the declines on the S&P 500, with UPS plunging after a disappointing earnings miss. The Dow Jones was weighed down by UnitedHealth, which slumped following a downbeat outlook, while Whirlpool shares tumbled amid delays to expected tariff relief. Back home, Aussie shares are set to fall on Wednesday, with attention turning to the release of quarterly inflation data. The Aussie dollar also slipped, as the US dollar climbed to a one-month high. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Wall Street recorded a negative session as disappointing earnings weighed on markets and investors awaited the Fed's rate decision (tomorrow morning Australian time). Meta, Microsoft, Amazon and Apple all report later in the week and their results will largely dictate market direction. S&P 500 down 0.3%, Nasdaq down 0.38%. Dow fell steadily until noon, where it plateaued, despite a brief spike, closing near the low. Down 205 points. Mixed sector performance. Rate-sensitive sectors such as REITS, Utilities and Defensives all did well as yields fell following a strong seven-year note auction ahead of the Fed's rate decision. Industrials was the worst performer, followed by Healthcare, with disappointing earnings within the sectors being the primary drivers of weakness.ASX to fall. SPI futures down 13 points (-0.15%). RIO this afternoon. MIN PLS ALX APX reports.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 closed up 31 points to 8698 (0.4%) as banks were back in the driving seat. CBA up 1.2% with the Big Bank Basket up to $276.18 (+0.9%). MQG rallied 1.0% as financials generally found some love. XYZ up 2.8% and MFG doing well, up 4.6%. RPL up 4.1% too. REITs doing well, GMG up 0.5% and SCG rising 0.8%. Industrials also firm, SGH up 2.2% with retail better, WES up 0.6 % and WOW up 0.8%. Tech better, WTC up 0.3% and the All-Tech Index up 1.0%. Healthcare too in demand, CSL up 1.0% on trade deal, RMD rising 1.0%. Old Skool platforms better too, CAR up1.7 % and REA rising 1.3%. Resources were mixed, the shocker from BOE falling 44.0% as it warned on future production. Shorts had a ball in PDN, DYL and lithium stocks tumbled as Asian prices dropped hard. LTR down 8.0% and PLS off 11.7%. Gold miners were mixed, NEM up 4.5% on broker upgrades, the rest in the doldrums, GMD down 1.8% and RMS off 4.4%. Coal stocks also smacked down, WHC and YAL hit hard on a court ruling.In corporate news, WTC has a new CEO, HLO rose 14.1% after an earnings upgrade. BUB too has a new CEO. Nothing on the economic front.Asian markets mixed, Japan down 1%, HK up 0.4% and China up 0.1%. 10-year yields steady at 4.34%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Jonathan Sakraida has a Strong Buy rating on 3M (MMM) and a Buy recommendation on Honeywell (HON). However, both are selling off after their quarterly earnings report. Jonathan sees catalysts for both names, including coming spinoffs. Alex Coffey shows example options trades on both names.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

The ASX dropped another 43 points to 8667 (0.5%) in a quiet trading day. Down 1% for the week. Not much fresh news around. Both banks and resources slipped. Iron ore miners under a little pressure after gains this week, BHP down 1,9% with RIO off 0.8% and FMG back down 3.4%. Gold miners fell too as quarterlies dropped. Diggers and Dealers kicks off 4th August. NST fell another 2.8% and EVN down 3.2% with a good quarterly from NEM kicking it 3.8% higher. Copper and lithium stocks lid, LTR down 2.1% and SFR down 1.6%. Oil and gas better, WDS up 3.7% and uranium mixed. Banks continue to suffer, CBA down 0.4% with the Big Bank Basket down to $273.63 (-0,4%) Financials eased, AMP down 4.8% with RPL posting good FUM and rose 9.0%. Industrials flat, tech flat too with the All-Tech Index down 0.1%. In corporate news, KMD up 4.4% on a new CFO, SDF down 1.5% as it lost its CFO! Nothing on the economic front. Asian markets eased. 10-year yields steady at 4.35%.European markets open unchanged. Results in focus. Trump heading to Scotland. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Wall Street recorded a modestly positive session as the S&P 500 and Nasdaq closed at fresh highs, boosted by positive Alphabet results which fuelled continued AI optimism. S&P 500 up 0.07%, Nasdaq up 0.18%. Dow dropped at open, recovered partially, and subsequently slowly fell throughout the day. Finished near low, down 316 points. Mixed sector performance. Energy the best performer, followed oil up which rose following US crude supply concerns. Tech second best performer, Alphabet results a boost, rose 1.0%, positive contagion. Industrials and Financials also recorded modest gains. At the opposite end, Tesla results caused the EV maker to dive 8.2%, dragging Cyclicals down. Materials and Staples saw more modest losses.In corporate news, still dominated by earnings reports, yesterday's reports were primarily weak outside of AI and tech related news. UnitedHealth sank 4.8% after disclosing cooperation with a DOJ probe into its Medicare business, with both civil and criminal investigations in play. IBM plunged 7.6% as weak software sales dragged down second-quarter results. Honeywell slipped 6.2% despite beating estimates and lifting guidance. And American Airlines dropped 9.6% after flagging a sharp third-quarter loss, blaming soft domestic travel.Resources up again, strong week, even a rising dollar couldn't stop them. Oil up on US supply worries. Iron ore up another 0.5%, sustained enthusiasm from the news of China's mega-dam project. Copper, nickel, tin all recorded modest gains too.ASX to fall. SPI futures down 37 points (-0.43%).Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 drifted 28 points lower to 8709 (-0.3%) as Michele Bullock's lunch time speech partly dashed rate cut hopes for August. Banks flat with CBA unchanged and the Big Bank Basket at $274.86 (+0.2%). MQG had a nasty day as its AGM saw selling down 5.1% as the CFO retired and earnings softened. Other financials also under a little pressure, CGF down 2.9% and QBE off 1.2%. ZIP had a good day up 4.7%. REITs slid on higher rates, GMG down 0.8% and GPT off 1.2%. Industrials pretty flat too. Tech eased back, XRO down 1.2% and TNE off 2.3%. CPU dropped 3.3% with BXB falling 1.5%. TLS also slipping away with healthcare stocks remaining firm, CSL up 1.5% again.Resources mixed, LYC up 5.0% on a JV as MIN gained 4.7% on lithium buying and LTR turned from early losses to close up 3.2%. FMG production numbers were solid, pulling out of hydrogen also a positive up 4.3%. Gold miners lid, NST down 2.4% and EVN off 2.7%. Uranium mixed, BOE fell 6.4% on resignation of CEO, PDN recovered slightly. Coal saw sellers back.In corporate news, BAP was punished for a triple whammy of director resignations, bad debts and earnings downgrade, finishing down 28.4%. DRO fell 5.9% after another order win, CMM off 3.4% as it bid for WA8. In economic news, Bullock's speech trimmed rate cut hopes. Asian markets solid. Japan up 1.9% on trade deal relief. HK up 0.4%. China up 0.4%. 10-year yields up to 4.37%. US futures mixed.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Jul 22, 2025 – Fiscal stimulus is running hot, the Fed is still on the brake, and stocks refuse to quit—so what's really going on under the hood of the U.S. economy? Discover where the markets and economy are likely heading in the second half...

The ASX 200 closes up 60points at a record high of 8737 (0.7%). Resources firm but not charging, iron ore coming off the boil slightly, BHP up 0.8% with FMG up 2.3%. Gold miners were better, NEM up 1.9% and EVN rising a more modest 0.9%. S32 rallied 3.0% with ILU also doing well on production numbers, up 4.1%. Lithium stocks slipped with PLS down 2.4% and LTR off 3.6%. Oil and gas mixed, WDS up 1.5% on production numbers, STO down 0.8% and coal stocks soaring, WHC up 6.5% and NHC up 2.1%. Uranium under pressure with PDN down 11.3% on production report. Banks found buyers, CBA up 0.5% and ANZ outperforming again up 2.5% with the Big Bank Basket up to $274.18 (+0.8%). Financials firmed, ASX up 1.3% and insurers better, AMP saw profit taking off 1.8%. REITs firmed, healthcare better, CSL back in the green up 0.6% and RHC rising 3.2% with TLX getting whacked 15.1% on SEC inquiry. Industrials firm across the board, REH up 3.8% and JBH up 1.8% with retailers better, tech mixed, WTC up 0.8% and the All-Tech Index rose 0.3%. In corporate news, VUL rallied 3.7% on funding news, ALD rose 3.3% on resilient NZ earnings. Nothing on the economic front locally. Japanese trade deal in focus. Asian markets mixed. Japan up 3.9% on trade deal. HK up 1.4%. China up 0.6%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 dropped 89 points to 8668 (-1.0%) giving back Friday's gains as banks came under intense pressure.  The Big Bank Basket dropped to $279.24 (2.6%). CBA and WBC leading the sector down with other financials also in the spotlight. MQG fell 1.4% with ASX of 2.1% and IFL down 5.8% as the company updated the CC Capital bid. Insurers fell hard too, QBE down 1.9% and IAG off 1.4% with the REIT sector falling hard, GMG down 0.8% and CHC down 2.3%. Industrials also under the knife, WES off 1.0% with CPU down 1.2% and retail falling, JBH off 1.5% and APE down 3.6%. Travel stocks falling to earth, FLT down 3.0% and WEB off 2.5% with ALL down 1.4%. Tech stocks mixed, WTC up 1.9% and XRO off 0.7% on last day for SPP.Resources were better again, BHP, RIO and FMG did well as China announced a new dam and iron ore continued higher in Asian trade. Lithium stocks squeezed higher, LTR up 11.4% and PLS rising 4.1%. Graphite and rare earths also still in demand, SYR up 17.8% and LYC up 1.4%.  Gold miners saw selling, NEM up 0.5%, NST down 1.5% and EVN off 1.2%. Oil and gas slightly firmer, WDS up 1.4% with uranium stocks also doing well, PDN up 2.3% and coal up too.In corporate news, AMP jumped 9.8% on update, XYZ rose 11.2% on US Index inclusion. S32 rose 4.5% on FY production guidance. Nothing on the economic front, China left rates unchanged. Asian markets modestly higher. Japan closed for Marine Day.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 exploded 118 points higher to 8757 (1.4%) as banks and resources caught a wave of buying. BHP production numbers, coupled with iron ore gains in Asia, helped the Big Australian up 3.0%. RIO up 1.8% with FMG lagging only up 0.5%.  Lithium and graphite stocks flew, LTR up 10.1% and PLS rallying another 8.6%, with MIN up 4.8% and ILU rising 5.0%. Graphite stocks were in demand, SYR up 25.9%, and TLG up 10.0%. Gold miners found some love late in the day, NST up% % with EVN rising % but uranium stocks dipping slightly. Industrials firmed across the board, WES up 1.4% with TCL up 0.9% and SGH rising 3.0%. Healthcare is too in demand, CSL rallying 3.6% on a broker report, and MSB is living up to its name on revenue, up 34.6%. Tech stocks are better, WTC up 1.2%, and XRO rising 1.0%. Banks, as usual, didn't want to miss out. CBA up 0.9% with WBC rising 1.8% and MQG up 1.3%. The Big Bank Basket up to $286.78 (+1.1%). Financials are also in demand, IFL is better by 5.8% on reports that a deal is close. Insurers rose, REITS better, GMG up 1.5%, and SGP up 0.9%.In corporate news, ALX fell 0.4% on US supreme court news, FBU rose 3.0% on a business update. Nothing on the economic front local.Asian markets mixed, Japan down 0.2% ahead of weekend election, HK up 0.8% and China up 0.4%. 10-year yields steady at 4.33%Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The dollar's bearish run is likely to affect U.S. equity markets. Michelle Weaver, our U.S. Thematic & Equity Strategist, and David Adams, our Head of G10 FX Strategy, discuss what investors should consider.Read more insights from Morgan Stanley.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, U.S. Thematic and Equity strategist at Morgan Stanley. David Adams: And I'm Dave Adams, head of G10 FX Strategy here at Morgan Stanley. Michelle Weaver: Our colleagues were recently on the show to talk about the impact of the weak dollar on European equities. And today we wanted to continue that conversation by looking at what a weak U.S. dollar means for the U.S. equity market.It's Thursday, July 17th at 2pm in London. Morgan Stanley has a bearish view on the U.S. dollar. And this is something our chief global FX strategist James Lord spoke about recently on the show. But Dave, I want to go over the outlook again, since Morgan Stanley has a really differentiated view on this. Do you think the dollar will continue to depreciate during the remainder of the year? David Adams: We do, and we do. We have been dollar bears this whole year, and it has been very out of consensus. But we do think the weakness will continue and our forecasts remain one of the most bearish on the street for the dollar. The dollar has had its worst first half of the year since 1973, and the dollar index has fallen about 10 percent year to date, but we think we're at the intermission rather than the finale. The second act for the dollar weakening trend should come over the next 12 months as U.S. interest rates and U.S. growth rates converge to that of the rest of the world. And FX hedging of existing U.S. assets held by foreign investors adds further negative risk premium to the dollar. The result is that we're looking for yet another 10 percent drop in the dollar by the end of next year. Michelle Weaver: That's really interesting and a differentiated view for Morgan Stanley. When I think about one of the key themes that we've been following this year, it's the multipolar world or a shift away from globalization to more localized spheres of influence. This is an important element to the dollar story.How have tariffs impacted currency and your outlook? David Adams: Tariffs play a key role in this framework. Tariffs have a positive impact on inflation, but a negative impact on U.S. growth. But the inflation impact comes faster and the negative impact on growth and employment that comes a bit later. This puts the Fed in a really tough spot and it's why our economists are pretty out of consensus in calling for both no cuts this year, and a much faster and deeper pace of cuts in 2026. The results for me in FX land is that the market is underestimating just how low the Fed will go and just how low U.S. rates will go, in general. Tariffs play a big role in helping to generate this rate convergence, and rate differentials are a fundamental driver of currencies. The more that U.S. rates are going to fall, the more likely it is that the dollar keeps falling too. Michelle Weaver: Tariffs have certainly impacted heavily on our view for the U.S. equity market and it's something that no asset class is not impacted by really. Given the volatility and the magnitude of the move we've seen this year, are foreign investors hedging more? David Adams: We do think they've started hedging more, but the bulk of the move is really ahead of us. Foreign investors own a massive amount of U.S. assets. European investors alone own $8 trillion of U.S. bonds and stocks, and that's only about a quarter of total foreign ownership of U.S. assets. Now when foreign investors buy U.S. assets, they have to sell their currency and buy the dollar. But at some point, you're going to have to bring that money back, so you're going to have to sell the dollar and buy back your home currency again. If the dollar rises over this period, you've made a gain, congratulations. But if it falls, you've made a loss. Now a lot of foreign investors will hedge this currency risk, and they'll use instruments like forwards and options to do so. But in the case of the U.S., we found that a lot of foreign investors really choose not to hedge this exposure, particularly on the equity side. And this reflects both a view that the dollar would appreciate; so, they want to take that gain. But it also reflects the dollar's negative correlation to equities. So, what's changing now? Well, a lot of investors are starting to rethink this decision and add those FX hedges, which really means dollar selling. Now, there's a lot of factors motivating their decision to hedge. One, of course is price. If U.S. rates are going to converge meaningfully to the rest of the world – like we expect – that flattens out the forward curve and makes those forwards cheaper to buy to hedge. But the breakdown in correlations that we've seen more broadly, the uptick in policy volatility and uncertainty, and the sell off in the dollar that we've already seen year to date, have all increased the relative benefit of FX hedging. Now, Michelle, I often get asked the question, that's a nice story, but is hedging actually picking up? And the answer is yes. The initial data suggests that hedging has picked up in the second quarter, but because of the size of U.S. asset holdings and given how much it was initially unhedged, we could be talking about a significant long-term flow. We have a lot more to go from here. Michelle Weaver: Yeah. David Adams: We estimated that just over half of Europe's $8 trillion holdings are unhedged. And if hedge ratios pick up even a little bit, we could be talking about hundreds of billions of dollars in flow. And that's just from Europe. But Michelle, I wanted to ask you. What do you think a weaker dollar means for U.S. companies? Michelle Weaver: The weaker dollar is a substantial underappreciated tailwind for U.S. multinational earnings, and this is because these companies sell products overseas and then get paid in foreign currency. So, when the dollar's down, converting that foreign revenue back into dollars, gives them a nice boost, something that domestic only companies aren't going to benefit from. And this is called the translation effect. Recently we've seen earnings revisions breadth, essentially a measure of whether analysts are getting more optimistic or pessimistic start to turn up after hitting typical cycle lows. And based on our house view for the dollar, there's likely more upside ahead based on that relationship for revisions over the next year. David Adams: Interesting. Interesting. And is this something you're hearing about from companies on things like earnings calls? Michelle Weaver: No, this dynamic isn't being highlighted much on earnings calls. Typically, companies talk about foreign exchange effects when the dollar's strengthening and provides a headwind for corporate earnings. But when we're in the reverse scenario like we are now with the dollar weakening and getting a boost to earnings, we tend to not hear as much discussion, which is why I called this an underappreciated tailwind. And according to your team's forecast, we still have a substantial amount of weakening to go and thus a substantial amount of benefit for U.S. companies to go. David Adams: Yeah, that makes sense. And who do you think benefits most from this dynamic? Are there any sectors or investment styles that look particularly good here? Michelle Weaver: Mm hmm. So generally, it's the large cap companies that stand to gain the most from this dynamic, and that's because they do more business overseas. If we look at foreign revenue exposure for different indices, around 40 percent of the S & P 500's revenue comes from outside the U.S., while that's just 22 percent for the Russell 2000 Small Cap Index. But the impact of a weaker dollar isn't the same across the board. Foreign revenue exposure and earnings revision sensitivity to the dollar vary quite a bit, when we look at the sector and the industry group level. From a foreign revenue exposure perspective, Tech Materials and Industrials have the highest foreign revenue exposure and thus can benefit a lot from that dynamic we've been talking about. When we look from an earnings revisions perspective, Capital Goods, Materials, Software and Tech Hardware have the most earnings revisions, sensitivity to a weaker dollar, so they could also benefit there. David Adams: So, I guess this brings us to the million-dollar question that all of our listeners are asking. What do we do with this information? What does this mean for investors? Michelle Weaver: So as the dollar, continues to weaken, investors should keep a close eye on the industries and companies poised to benefit the most – because in this multipolar world, currency dynamics are not just a macro backdrop, but an important driver of earnings and equity performance.Dave, thank you for taking the time to talk. And to our listeners, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen to the show and share the podcast with a friend or colleague today.

Justin Tam, ETF Lead of Qraft Technologies, talks about how his firm's A.I. models identified Nvidia (NVDA) as a growth stock in 2019, and why they're still bullish despite its meteoric rise through 2025. He also discusses why Qraft is rotating out of consumer staples and discretionary and into tech and industrials.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

① China has rejected NATO chief Mark Rutte's warning that Brazil, China and India could be hit by secondary US sanctions if they maintain trade with Russia. Why is Rutte's remark unhelpful to ending the Ukraine crisis? (00:55)② China has established partnerships with over 80 countries and regions in intellectual property cooperation over the past five years. We take a look at what China has achieved in IPR protection during its 14th five-year plan. (13:27)③ We speak to Benjamin Wong, Head of Transport & Logistics and Industrials at InvestHK, on how Hong Kong is positioning itself as a global supply chain hub. (24:59)④ Israel has launched heavy airstrikes on Syria, claiming to defend Druze minorities. What could happen next? (34:03)⑤ What has prompted the Trump administration to revoke federal funding for California's high-speed rail project? Do high-speed railways fit America's economic conditions? (42:12)

The ASX 200 marched back 77 points to 8639 (0.9%), new highs as jobs numbers opened the doors to an August rate cut. Banks led the charge, nothing new there, with CBA up % and the Big Bank Basket up to $283.65 (+1.5%). MQG rallied 0.9% with other financials doing well, GQG bouncing back 1.8% with IFL up 2.3% and XYZ gaining 5.1%. REITs firmed too on lower rates, GMG up 0.8% and SCG up 1.9%. Healthcare better too, COH up 2.3% and RHC rising 1.7%. Industrials firmed, CPU up 3.0% with ALL rallying 0.6% and the tech stocks better, XRO up 1.7% and WTC rising 0.4%. Retailers better too, HVN up 2.4% and LOV up 1.7%. In resources, FMG rose 0.3% with RIO up 0.5% as iron ore hit a two-month high. A little bounce in lithium, PLS up 1.9% and LTR rising 1.8% after early losses. Gold miners weakened despite a bullion rise. NEM up 1.6% and NST off 0.5%. Rare earths took a breather. Uranium stocks flat, as was oil and gas.In corporate news, CAR had a trading update, and the CEO resigned, falling 2.9%. PBH saw another bid from BBT. Some quarterlies in GMD and STO.In economic news, Jobs numbers worse that forecasts with only 2k new jobs instead of 20k and unemployment rose to 4.3%.Asian markets firmed as 10-year yields dipped to 4.35%. Asian markets mixed. Japan up 0.2%, HK up 0.2%, China up 0.4%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor. 

Join us for a tactical deep dive into the Defence sector in this special episode of our 2025 Meet the Analyst series.Bell Direct's Senior Market Analyst, Grady Wulff, sits down with Bell Potter Industrials Analyst, Daniel Laing, to explore one of the market's most talked-about themes, defence stocks.From unpacking global defence spending trends to identifying the standout stocks riding the drone warfare wave, including why Daniel remains bullish on DroneShield (ASX:DRO). This conversation is essential viewing for investors seeking exposure to a high-growth thematic heading into FY26.In this video, Daniel discusses:(0:42): The outlook for defence spending and its impact on the ASX(2:18): how drone technology is reshaping military strategy and who's set to benefit(3:17): country-specific tailwinds and where the contracts are flowing(4:25): the key risks facing the sector in FY26(5:14): how investors can gain exposure to the Defence theme(7:03): why DroneShield (ASX:DRO) remains a standout pick(8:40): broader market outlook and what FY26 might hold for investors.Note: This interview was filmed on 8 July 2025.

Wall Street recorded a positive session against a backdrop of positive economic surprises. Retail sales rising more than expected and jobless claims falling, while major AI company Taiwan Semiconductors beat earnings expectations. S&P 500 up 0.54%, hitting new highs. Nasdaq up 0.75%. Dow started volatile, seesawing up and down, but found consistent strength from about 1pm onwards. Ended near high, up 230 points. Strong sector breadth. REITS flat and Healthcare dropped after being top performer yesterday, otherwise all sectors up. Financials the best performer, boosted by strong earnings this week. Industrials and Cyclicals followed, both economically sensitive, earnings and retail sales both pointing to the resilience and strength of the US consumer.ASX to rise. SPI futures up 32 points (+0.37%). BHP Production report - Graphite to shine.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 fell 69 points to 8562 after a record yesterday. Banks were weak on proposed RBA charges changes, CBA off % with the Big Bank Basket down to $279.26 (-1.5%) NAB under extra pressure on CEO issues, down 3.4%. Financials generally eased back, MQG off 0.8% and insurers down, QBE off 1.0%. REITs too under pressure with GMG down 0.2% and SCG falling 0.5%. Healthcare mixed, CSL fell 1.3% on US tariff issues on pharmas, PME up 1.7% and FPH slightly firmer. Industrials mostly lower, TCL off 0.7%, ALL down 1.7% and WOW and COL easing back as did TLS. Utilities pulled back as ORG fell 1.1% and AGL down 0.8%. Tech gained, WTC up 0.6%.In resources, it was all about rare and critical metals. News of Apple's investment rocked the sector to the core, with good gains across the board. ILU rose 4.3% with LYC flat, even ARU rose 4.9% with MEI up 14.3%. Gold miners fell on NEM news, quarterlies doing nothing to help on profit taking after rises yesterday. NST falling 2.2% EVN down 2.3% on quarterly and WAF down 3.4%. Lithium stocks held up relatively well. BHP down 0.7% despite iron ore hitting $100 in Singapore. Uranium stocks up again, PDN up 3.3% and BOE up 3.3%. Oil and gas flat.In corporate news, LLC fell 1.7% on a luxury development news. RIO up 0.2% on quarterly and CEO change.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Another market rally Monday, flirting again with all-time highs. While there is nothing overall concerning about the markets, they're always setting up for some kind of rotation. There are a few things to pay attention to now. The market is being primarily driven  by three sectors: Industrials, Transportation, and Technology. Those secotrs have been outperforming relative to the S&P. Technology has been leading the charge, of late; Industrials have also been posting well. Both are tied to the AI buildout. What will happen next, as these sectors become over bought, is money moving to risk-off areas, like Staples, which have been under-performing lately. Money doesn't leave the market, it just changes where it goes. There is a pretty big deviation between the risk-on and risk-off trades.    Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch today's video here: https://www.youtube.com/watch?v=diYGZ_-lLMI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Articles mentioned in this report: "Is The Dollar Setting Up For A Comeback?" https://realinvestmentadvice.com/resources/blog/is-the-dollar-setting-up-for-a-comeback/ "Relative Returns Or Absolute. What's More Important?" https://realinvestmentadvice.com/resources/blog/relative-returns-or-absolute-whats-more-important/ ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next live webinar, "RIA Retirement Blueprint," July 19, 2025: https://streamyard.com/watch/qaMtj3cydgDQ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketRally #MarketRisk #MarketRotation #Transportation #Technology #Industrials #AI #AIbuildOut #ArtificialIntelligence #EarningsSeason #RiskManagement #PortfolioRisk #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

The ASX 200 drove 60 points higher at a new record of 8630 (+0.7%). Banks rallied with the Big Bank Basket up to $283.45 (+0.5%). Other financials also in demand, MQG up 1.4% and ASX up 0.9% with insurers rising, QBE up 1.2% and MPL rallying 1.0%. REITs back in demand, GMG up 1.1% with SCG rising 0.5%. Healthcare too doing well, CSL leading the charge, up 3.8% with RMD up 0.7% and PME putting on 2.4%. Industrials firmed reversing yesterday's losses, BXB up 0.9% and QAN rising 1.6%. Retail mixed, LOV up 2.0% but other slipping. Gaming stocks better, ALL up 1.2%. Tech sector a standout with WTC up 1.8% and XRO bouncing 1.1%. The All Tech Index up 1.8%.Defence stocks continue to soar, DRO up 14.8%. In resources, a mixed picture BHP, RIO and FMG all falling around 1% on iron ore slipping. Gold miners were better with NEM up 1.1% and NST up 1.5%. Lithium stocks depressed, PLS down 4.6% and MIN falling 1.0%. Uranium stocks doing well, PDN up 7.9% on a broker upgrade. Rare earth stocks also in demand. In corporate news, HUB rose to record highs on new FUM inflows. TYR fell 2.7% on RBA moves to cancel fees for consumers.In economic news, Chinese GDP rose to 5.2% higher than expected and local consumer confidence rose. US CPI data tonight. Asian markets mixed with Japan up 0.3%, HK up 0.5% and China down 0.2%. 10-year yields at 4.38%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Stocks hold steady as tariff uncertainty continues. Our CIO and Chief U.S. Equity Strategist Mike Wilson explains how policy deferrals, earnings resilience and forward guidance are driving the market.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing why stocks remain so resilient. It's Monday, July 14th at 11:30am in New York. So, let's get after it. Why has the equity market been resilient in the face of new tariff announcements? Well first, the import cost exposure for S&P 500 industries is more limited given the deferrals and exemptions still in place like the USMCA compliant imports from Mexico. Second, the higher tariff rates recently announced on several trading partners are generally not perceived to be the final rates as negotiations progress. I continue to believe these tariffs will ultimately end up looking like a 10 percent consumption tax on imports that generate significant revenue for the Treasury. And finally, many companies pre-stocked inventory before the tariffs were levied and so the higher priced goods have not yet flowed through the cost of goods sold. Furthermore, with the market's tariffs concerns having peaked in early April, the market is looking forward and focused on the data it can measure. On that score, the dramatic v-shaped rebound in earnings revisions breadth for the S&P 500 has been a fundamental tailwind that justifies the equity rally since April in the face of continued trade and macro uncertainty. This gauge is one of our favorites for predicting equity prices and it troughed at -25 percent in mid-April. It's now at +3 percent. The sectors with the most positive earnings revisions breadth relative to the S&P 500 are Financials, Industrials and Software — three sectors we continue to recommend due to this dynamic. The other more recent development helping to support equities is the passage of the One Big Beautiful Bill. While this Bill does not provide incremental fiscal spending to support the economy or lower the statutory tax rate, it does lower the cash earnings tax rates for companies that spend heavily on both R&D and Capital Goods.Our Global Tax Team believes we could see cash tax rates fall from 20 percent today back toward the 13 percent level that existed before some of these benefits from the Tax Cuts and Jobs Act that expired in 2022. This benefit is also likely to jump start what has been an anemic capital spending cycle for corporate America, which could drive both higher GDP and revenue growth for the companies that provide the type of equipment that falls under this category of spending. Meanwhile, the Foreign-Derived Intangible Income is a tax incentive that benefits U.S. companies earning income from foreign markets. It was designed to encourage companies to keep their intellectual property in the U.S. rather than moving it to countries with lower tax rates. This deduction was scheduled to decrease in 2026, which would have raised the effective tax rate by approximately 3 percent. That risk has been eliminated in the Big Beautiful Bill. Finally, the Digital Service Tax imposed on online companies that operate overseas may be reduced. Late last month, Canada announced that it would rescind its Digital Service Tax on the U.S. in anticipation of a mutually beneficial comprehensive trade arrangement with the U.S. This would be a major windfall for online companies and some see the potential for more countries, particularly in Europe, to follow Canada's lead as trade negotiations with the U.S. continue. Bottom line, while uncertainty around tariffs remains high, there are many other positive drivers for earnings growth over the next year that could more than offset any headwinds from these policies. This suggests the recent rally in stocks is justified and that investors may not be as complacent as some are fearing. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

Wall Street recorded a modestly positive session against a backdrop of continued tariff uncertainty and threats and renewed Trump pressure on Powell to cut rates and/or step down. S&P 500 up 0.14%, Nasdaq up 0.27%. Dow steadily rose from the open, in a choppy morning session but found consistency toward the end of the day. Finished near the high, up 88 points. Financials best performing sector, Q2 earnings seasons kicks off tomorrow Australian time, expected to be positive. REITS, a correlated sector and once part of Financials in GICS classification, was the second best performer, followed then by Industrials and Utilities. Energy the worst, followed oil down lower.Resources down. Oil dropped as Trump gave Russia 50 days to agree a peace deal or face new sanctions. Stronger dollar did not help resources. Copper, nickel and tin all fell.ASX to rise. SPI futures up 51 points (+0.6%). Bitcoin hit new highs at over $120k, up 2.2%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 drifted 9 points lower to 8580 (0.1%) as we wait and see what the weekend brings on tariff news. Banks eased back with CBA down 0.5% with the Big Bank Basket down to $283.17 (). MQG fell 1.5% and insurers also under pressure. REITS slipped, GMG down 1.8% with SCG off 1.3% as yields rose to 4.33%. Healthcare eased, CSL down another 0.6% with FPH falling 1.7%. Industrials also on the wane with WES down 0.7% and ALL down 1.1% with the techs under pressure too. XRO falling again by 1.5%. Retailers in trouble too, JBH down 2.1% and LOV down 2.5%. The bright spot was resources. Iron ore and rare earths. BHP up 2.8% as iron ore prices rose again, RIO up 2.3% with LYC up 16.7% and ILU flying 22.9% on US Pentagon news on MP Materials. Lithium stocks also doing well, LTR up 1.3% and PLS rising 1.6% with MIN storming 7.8% ahead. Gold miners sagged, NST continued its drop, down 2.2% and EVN off 1.5%. STO fell 0.9% on broker research on bid, coal better, WHC up 2.7% and uranium flat.In corporate news, JLG rallied 22.6% on news that PE is bidding 400c in a scheme. VNT fell 1.9% on a new fibre upgrade contract. ASM jumped 8.4% on a scoping study for Dubbo project. Nothing on the economic front. Asian markets were mixed, with Japan up 0.1%, HK up 1.5% and China up 0.7%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Explore insights from the Accenture's report, Rethinking the Course to Manufacturing's Future. Based on a global survey of 552 factory managers across industrial, automotive, and aerospace sectors, the study reveals how manufacturers are reimagining production in the era of hyper-automation and AI. Our guest, Patrick Vollmer, Global Industry Group Lead, Industrials, Accenture, breaks down the defining features of tomorrow's hyper-automated factory—from autonomous operations and self-learning machines to smart connected cells and digitally linked crews. We examine why Asian manufacturers are outpacing their Western counterparts in embracing this vision, and what it means for the global manufacturing landscape. Sponsored By:

The ASX 200 rose 51 points to 8589 (+0.6%). Banks were strong again with CBA up 0.8%, the Big Bank Basket up to $284.27 (+0.8%). Financials were firm with MQG up 0.4% and PNI up 1.8%. Insurers were mixed with MPL up 1.2% and NHF better. REITs firmed with GMG up 0.9% and VCX up 1.2%. Industrials better as BXB rallied 1.5% with TCL up 1.0% as CPU up 2.1%. Tech was mixed, with the All -Tech Index unchanged. Retail better too, JBH up 1.4% and LOV up 5.1% TPW up 1.8%. Resources better, led by BHP up 1.2% and FMG up 1.9%. Gold miners bounced back with NEM up 1.5% and PRU up 3.2%. Lithium stocks were also better with LTR up 6.7% and MIN up 3.7%. Uranium stocks eased again, BOE down 3% with PDN down 2.0%. In corporate news, IMR down 15.1% as approvals had fallen behind, AEL with board appointments.On the economic front, building approvals out today.Asian markets were mixed, with Japan down 0.7%, HK up 0.4% and China up 0.7%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 fell 52 points to 8539 (0.6%) as losses accelerated in the afternoon. Banks helped relatively firm with CBA losing only % with the Big Bank Basket down to $281.96 (-0.1%). MQG dropped 2.5% and insurers losing steam, SUN down 0.8% and IAG off 1.2%. Healthcare under pressure, CSL down 0.9% on US tariff moves, SIG fell 3.3% and TLX bucked the trend rising 5.6% on good US code news. REITS stumbled lower as yields rose, GMG down 2.6% and SGP off 1.5%. Industrials also eased back, TCL down 0.9% with BXB off 0.6% and SGH falling 1.1%. Retail a little better and tech easing back. In resources, gold miners got walloped as AUD bullion prices staggered lower, NST fell 3.4% with EVN off 7.0% and GMD down 5.6%. The big iron ore miners slipped, BHP down 1.0% and RIO down 0.6%. Lithium stocks better, PLS up 1.7% and LTR rising 5.6%. Oil and gas stocks a little better, coal too and uranium falling hard, PDN down 8.3% and BOE off 7.6%.In corporate news, LIC crashed 37.3% on the recent court ruling. TLX jumped on Gozellix news. Nothing locally on the economic front. In China, PPI fell more than forecast. Asian markets mixed with five new IPOs listing today in HK. 10-year yields jumped to 4.34%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor. 

ASX 200 rose 1 point to 8591 as the RBA kept rates on hold. Bullock's press conference calmed nerves and prompted a late recovery from small losses. The AUD jumped and yields pushed higher on the news, but the reaction was relatively muted. Banks were steady with CBA up 0.8% and the Big Bank Basket up to $282.25 (+0.6%). Insurers were weaker, QBE down 0.6% and SUN off 0.6% as financials drifted lower. Industrials too drifted lower, SGH down 1.5% with PMV off 2.3% as WOW and COL slumped around 1.3%. REITs too fell as yields rose. SCG down 1.3% with GPT off 1.2%. Tech stocks slightly better, WTC up 0.4% and TNE up 1.1% with the All-Tech Index up 0.6%. Resources were mixed with BHP leading the iron ore miners down, off 0.9% with lithium slightly firmer, PLS up 2.1% and gold miners in demand again, NEM up 2.4% and GMD up 2.9% with OBM bouncing hard, up 8% after a huge sell-off. Oil and gas fell, uranium producers firmed, PDN up 0.8% and DYL up 2.6%. In corporate news, PTM rose 3.0% after agreeing to a merger with L1 Capital. On the economic front, the NAB business survey was better than expected. RBA on hold again. Timing, not direction the issue. 10-year yields 4.26%Asian markets better with Japan up 0.3%, China up 0.7% and HK up 0.6%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

ASX 200 drifted 14 points lower to 8589 (0.1%).  CBA held up with the banks drifting slightly lower. The Big Bank Basket is down to $280.46 (-0.2%). Financials firmed in places, IFT up 3.1% and NWL rising 1.5%. REITS soft with GMG down 0.5% and SCG off 0.8 %. Industrials mixed, SGH up 1.0% with QAN rising 1.0% with retails slightly firmer as RBA looks to cut tomorrow. ORG was a standout up 6.8% on an Octopus update from the UK. In resources, Gold miners took a hit with production and costs weighing on NST, off 8.7%. Other golds follow lower with the bullion price off too. EVN down 2.2% and OBM falling 6.8%. Lithium once again depressed, PLS off 4.3% and LTR falling 5.3%, shorts back and selling. Uranium stocks mixed, BOE down 2.4% and DYL up 0.9% with coal better, Oil and gas mixed, WDS off 0.8% and STO up 0.4%. In corporate news, S32 down 0.6% on news of the sale of its Cerro Matso nickel project. MIN fell 2.0% as it named two new independent directors. Nothing on the economic front. Asian markets eased with Japan down 0.6%, China down 0.5% and HK off 0.3%.10-year yields rising to 4.19%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

ASX 200 rose 57 points to 8598 (0.7%) to a fresh record high as retail sales opened the door to a rate cut next week. Resources leading the way higher with BHP, RIO and FMG all doing well, FMG the best up 3.8%. Some movement in base metal stocks too on Chinese economic hopes, S32 up 5.1% with gold miners flat. Oil and gas firmed, WDS up 1.1% and STO up 0.5%. Lithium stocks eked out some gains with uranium miners flat. Industrials were the real winners today, WES up 0.8% as retail stocks gained on rate cut hopes. DMP crashed 15.8% as its new CEO went ex. WOW and COL firmed with ALL up 1.9% and TLS gaining 1.0%. REITs firm on cut hopes, GMG up 2.1% and SCG gaining 2.7%. Tech stocks mixed, WTC up 1.4% and XRO off 2.1%.  Banks were early losers but found favour and pushed slightly higher as CBA rose 0.6% and the Big Bank Basket up to $286.64 (+0.2%). In corporate news, HLI fell 21.4% as it lost the ING contract. QAN dropped 2.2% as it got hit with a cyberattack.  On the economic front, Retail sales came in at 0.2% higher, slightly below forecast. Asian markets mixed again, Japan down 0.4% on Trump tariff threats, HK up 0.5% and China flat. 10-year yields rose to 4.14%. Dow futures up 120, and Nasdaq futures up 70.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Today's guest is Emily Nguyen, Head of Industrials at Palantir Technologies. Emily joins Emerj Editorial Director Matthew DeMello to discuss how Project Warp Speed is helping manufacturing leaders scale AI rapidly and effectively. She breaks down the key values driving successful AI adoption — including mission focus, first-principles thinking, and urgency — and shares real-world examples of AI applications in manufacturing, such as visual inspection and predictive maintenance. Emily recommends starting small with AI projects, meeting users where they are, and integrating with existing systems. She also explores the future of industrial collaboration, highlighting efforts to preserve tribal knowledge and enhance supply chain connectivity to improve national readiness. Want to share your AI adoption story with executive peers? Click emerj.com/expert2 for more information and to be a potential future guest on the ‘AI in Business' podcast! If you've enjoyed or benefited from some of the insights of this episode, consider leaving us a five-star review on Apple Podcasts, and let us know what you learned, found helpful, or liked most about this show!

ASX 200 marched 28 points higher to 8561 (0.3%). After a tepid start, US futures kicked higher on trade deal hopes, dragging the ASX with it. Small closing sell-off from highs. Banks steady after early losses, the basket up to $287.13 (%). MQG up 3.9% on a broker upgrade, financials and insurers better too. NWL up 2.4% and IAG rising 1.7%. Healthcare got a kick, CSL up 2.2% and PME rallying 1.6%. Industrials generally firmed, WES up 0.7% and ALL rallying 1.3% with QAN up 1.8%. VGN dropped 2.8%. Retail stocks higher with JBH up % on EOFY activity. Tech firmed, WTC up % and TNE rising 1.2% as the ALL-Tech Index rose 0.7%. Resources were mired in losses for iron ore miners, BHP, RIO both copping a 1.5%+ loss. Rare earths eased and lithium off too with MIN up 1.6% on sale of its Yilgarn hub. Oil and gas stocks flat with KAR up 1.1% with coal stocks flat and uranium mixed. DYL fell 5.7% with PDN up 0.8%.In corporate news, JHX rose 7.1% after the Azek vote. DRO fell 4.2% after early gains on a Latam order. Nothing locally on the economic front, China's factory activity improved for a second month but remained in contraction. Asian markets mixed, Japan up 0.6%, HK off 0.3% and China up 0.3%10-Year Yield rising to 4.16%. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why investors have largely remained calm amid recent developments in the Middle East.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing how to think about the tensions in the Middle East for U.S. equities. It's Monday, June 23rd at 11:30am in New York. So, let's get after it. Over the weekend, the United States executed a surprise attack on Iran's nuclear enrichment facilities. While the extent of the damage has yet to be confirmed, President Trump has indicated Iran's nuclear weapon development efforts have been diminished substantially, if not fully. If true, then this could be viewed as a peak rate of change for this risk. In many ways this fits our overall narrative for U.S. equities that we have likely passed the worst for many risks that were weighing on stocks in the first quarter of the year. Things like immigration enforcement, fiscal spending cuts, tariffs and AI CapEx deceleration all contributed to dragging down earnings forecasts. Fast forward to today and all of these items have peaked in terms of their negative impact, and earnings forecasts have rebounded since Mid-April. In fact, the rebound in earnings revision breadth is one of the sharpest on record and provides a fundamental reason for why U.S. stocks have been so strong since bottoming the week of April 7th. Add in the events of this past weekend and it makes sense why equities are not selling off this morning as many might have expected. For further context, we looked at 23 major geopolitical events since 1950 and the impact on stock prices. What we found may surprise listeners, but it is a well understood fact by seasoned investors. Geopolitical shocks are typically followed by higher, not lower equity prices, especially over 6 to12 months. Only five of the 23 outcomes were negative. And importantly, all the negative outcomes were accompanied by oil prices that were at least 75 percent higher on a year-over-year basis. As of this morning, oil prices are down 10 percent year-over-year and this is after the actions over the weekend. In other words, the conditions are not in place for lower equity prices on a 6 to12 month horizon. Having said that, we continue to recommend large cap higher quality equities rather than small cap lower quality names. This is mostly a function of sticky long term interest rates and the fact that we remain in a late cycle environment in which the Fed is on hold. Should that change and the Fed begin to signal rate cuts, we would pivot to a more cyclical areas of the market. Our favorite sectors remain Industrials which are geared to higher capital spending for power and infrastructure, Financials which will benefit from deregulation this fall and software stocks that remain immune from tariffs and levered to the next area of spending for AI diffusion across the economy. We also like Energy over consumer discretionary as a hedge against the risk of higher oil prices in the near term. Thanks for tuning in; I hope you found today's episode informative and useful. Let us know what you think by leaving us a review; and if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

Gene Goldman discusses the recent market volatility, attributing it to geopolitical tensions and the Fed's potential rate cuts. He expects the S&P 500 to rise, despite concerns, citing a reduced terrorism threat in the Middle East, a solid labor market, and moderating inflation. Goldman recommends a "buy the dip" strategy, particularly in technology, financials, and industrials, due to their exposure to AI, cybersecurity, and infrastructure spending. He also likes high-quality fixed income, such as 10-year treasuries, as a way to diversify and mitigate risk.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Today I'm joined by Kelly Moscinski & Kathryn Horan the casting minds and educators behind, The Voicecaster. This episode is packed with insight from Kelly & Kathryn's years of casting Commercials, Animation, Video Games and Industrials. Their insight into the world of VO makes their courses at The Lab that much more impactful. From advice on elevating your voiceover auditions and materials to building a lasting career as a voice actor, Kelly & Katheryn are here to share insight into the supportive, community of voiceover. Kelly Moscinski is the Owner and Head of Casting at The Voicecaster  – the oldest voiceover casting house in the country, established in 1975! With almost 20 years of experience in VO and even more in entertainment, Kelly casts and directs all things voiceover. A few recent casting projects include commercials for Papa John's, Cap'n Crunch, Popeyes, Verizon, Walmart+, Google, Amazon, and SO many more; video game casting for  Dungeons & Dragons, Ready or Not; and many more in every genre!Kelly is also a coach for voice actors – teaching group classes, private coaching, and is founder of the Voicecaster Lab, a digital VO training and community platform offering a variety of learn-at-your-own-pace courses, seminars, the Voicecaster Insiders Membership community, and other resources dedicated to giving voiceover artists the chance to learn from the casting perspective. Kathryn Horan is the Senior Casting Director - The Voicecaster. Since joining The Voicecaster in 2012, Kathryn has held the titles of Casting Director, Demo Producer, Audio Engineer, and Voiceover Coach. Kathryn has cast for major brands like Honda, ampm, Ashley Furniture, Verizon, Nike, and many more! She has a B.A. in Theatre Arts and Acting from New Mexico State University and has been in the entertainment industry in Los Angeles for over 15 years! The Voicecaster WorkshopsVoicecaster Lab & Actor ServicesVoiceover Casting Corner Podcast--What's My Frame, hosted by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Linda Bradley⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join the WMF creative community now!Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@whatsmyframe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠IMDb⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠What's My Frame? official site⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠What's My Frame? merch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Ryan Patterson says markets reacted "relatively well" to Israel's attack on Iran, showing U.S. equity strength. However, he adds that American markets are essentially "priced to perfection." He urges investors to look at international markets which have cheaper valuations and "more room for error" on volatility. Ryan also notes the growing role A.I. will play in healthcare and industrials, offering opportunities for investors.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

In our latest Conference Insights, David Begleiter, Nicole DeBlase, Andrew Krill and Collin Verron highlight takeaways from Deutsche Bank's Global Industrials, Materials & Building Products Conference. The conference brought together leading executives and investors to discuss current trends and developments within key global industrial sectors. Discussions focused on current economic activity, the potential impact from tariffs and consumer demand trends.

Episode 472: The USA Industrial Technology growth narrative is evident by the fact that year-to-date the S&P 500 top performing sectors are Utilities and Industrials. Also, don't despair about the 20 Year Treasury Bond negative Media narrative … it's so insignificant it was discontinued for nearly 40 years. Sign up for free ALERTs & Market Commentary at:  https://www.investablewealth.com/subscribe/ ------------------------------------------------------

May 21, 2025 – Today on FS Insider, Laurent Lequeu, author of Macro Butler, discusses soaring US debt refinancing needs—$7T in 2025—forcing Treasury yields higher amid persistent “velcro” inflation and waning foreign demand, especially post-Trump trade shifts...

Once the SPX moved off the morning lows, the index saw a fairly tight trading range heading into the close. Kevin Green still urges caution for investors with a glimpse into the options. He points out the trap doors that exist with upside and downside pressure. One industry experiencing plenty of upside is industrials, as Kevin shows how it is hitting all-time highs.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Kikau, Matty, and special guest Shorey Walker talk all things SENIOR SHOWCASE! We have been talking about showcases for the last couple years and Shorey is a true expert. In this episode, we talk about how to prepare for a New York showcase experience and what you might look for when talking about showcasing with a prospective program. Shorey's recommendation is the website UpToDateActor.com and for listeners of our podcast you can type in SM2P5 to receive a FREE month of membership benefits. If you would like to reach out to Shorey directly, contact her at shorey@shoreywalker.com. —---Shorey Walker is a working actor in Theatre, Commercials, Hosting, Industrials, TV & Film. Pursuing a career in New York City since 1992, Shorey performed in 8 Broadway National Tours, 13 years in a row of summer stock, 20+ regional theatre productions, 10+ Off-Broadway credits including the 2018 production of Tchaikovsky: None But the Lonely Heart at the Signature Theatre and can be heard as The Cat In the Hat on the revival recording of Seussical. Recent TV appearances include White Collar, Diabolical, Redrum, One Life To Live, The Eric Andrew Show, Sprout TV and Deadly Sins.

Humanoid robots, AI-powered machines resembling humans, are poised to transform automation by addressing labor shortages and revolutionize sectors such as manufacturing and healthcare. How soon can we expect to see these advancements and what is the investment outlook? Join Kelly Wen, head of Hong Kong and China Equity sales and Karen Li, head of Hong Kong Equity Research and Asia Infrastructure, Industrials and Transport Research to explore the key developments and growth prospects for the humanoid robot industry.   This episode was recorded on April 28, 2025.   This communication is provided for information purposes only. Please visit www.jpmm.com/research/disclosures for important disclosures. JPMorgan Chase & Co. or its affiliates and/or subsidiaries (collectively, J.P. Morgan) normally make a market and trade as principal in securities, other financial products and other asset classes that may be discussed in this communication. This communication has been prepared based upon information from sources believed to be reliable, but J.P. Morgan does not warrant its completeness or accuracy except with respect to any disclosures relative to J.P. Morgan and/or its affiliates and an analyst's involvement with any company (or security, other financial product or other asset class) that may be the subject of this communication. Any opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. This communication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. J.P. Morgan Research does not provide individually tailored investment advice. Any opinions and recommendations herein do not take into account individual circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments or strategies. You must make your own independent decisions regarding any securities, financial instruments or strategies mentioned or related to the information herein. Periodic updates may be provided on companies, issuers or industries based on specific developments or announcements, market conditions or any other publicly available information. However, J.P. Morgan may be restricted from updating information contained in this communication for regulatory or other reasons. This communication may not be redistributed or retransmitted, in whole or in part, or in any form or manner, without the express written consent of J.P. Morgan. Any unauthorized use or disclosure is prohibited. Receipt and review of this information constitutes your agreement not to redistribute or retransmit the contents and information contained in this communication without first obtaining express permission from an authorized officer of J.P. Morgan. Copyright 2025, JPMorganChase & Co. All rights reserved.

"This is the environment and VIX you want to see" in the markets, says Kevin Green. He points to stocks and sectors beyond the Mag 7 adding strength to the indexes. He highlights Union Pacific (UNP) and the industrials sector to show a potential breakout in the industry.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Mike Block reacts to the latest tariff news and discusses where the market can go from here. “How quickly will companies have the confidence…to put money in their business” right now? He wonders, adding that President Trump has a “recency bias” that means he could flip on a dime. He's interested in industrials and agriculture right now, including Deere (DE) and Illinois Tool Works (ITW). He also looks at ways to diversify and find potential policy beneficiaries.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Episode Summary:Caitlin Wheeler, a multifaceted dance professional with an impressive resume spanning creative direction, choreography, and event production. Originally from Australia, Caitlin has worked globally with top artists such as Drake, Adele, and T-Pain, and brands like Nike and Reebok. She shares insights into her journey from a dancer to a choreographer and creative director, emphasizing the importance of connections, staying open to opportunities, and continually evolving.Caitlin reflects on how saying "yes" to unexpected challenges has shaped her career, including her transition into the world of corporate event production with Blueprint NYC. She encourages young dancers to embrace risks, remain professional, and focus on building a strong reputation, as talent alone is often not enough. Caitlin's story highlights the power of resilience, networking, and the willingness to pivot in the pursuit of long-term success in the dance industry.Her advice to the next generation of dancers is to keep learning, remain adaptable, and always approach challenges with confidence and gratitude. This episode is a wealth of knowledge for aspiring dancers and creatives looking to navigate the diverse opportunities within the entertainment world.Show Notes:0:00 – Introduction to the podcast3:00 – Caitlin's Early Dance Journey7:00 – Transitioning to the U.S.12:00 – The Power of Networking17:30 – Creative Direction and Choreography22:30 – Working with Cirque du Soleil28:00 – The Shift to Production and Event Management35:00 – Advice for Aspiring Dancers40:00 – Navigating Career Transitions45:00 – Final Thoughts and Words of EncouragementBiography:Caitlin's credits hail from all over the world such as Australia, USA, UK, India, Europe and Africa, and include a scope of Creative Directing, Choreography, Performance, Event Production, Hosting and Teaching.Caitlin has worked with an extensive list of Artists, Celebrities, Brands, and has worked on Television Shows, Industrials, Live Shows, Movies and Music Videos. Some of these esteemed names include - Drake, Kendrick Lamar, Glady's Knight, T-Pain, Adele, LaToya Jackson, Raven Symone, Fifth Harmony, Michelle Williams, Seal, Joey Fatone, Daughtry, Donny Osmond, Kelly Osborne, Paulina Rubio, “Carlton” Alfonzo Remeiro, Guy Sebastian, Jessica Mauboy, Neymar, Carl Lewis, Gabby Douglas, Russell Wilson, Serena Williams, Colin Kapernick, Bo Jackson and Michelle Obama just to name a few.Brands such as Sony, Nike, Reebok, Adidas, Jay-Z, Stila, Nickelodeon, Buxom, Planet Fitness, Snapchat, In & Out, Miss USA and Royal Caribbean Cruise Lines.Caitlin has a strong passion and skillset for Creative Directing, Choreography and Event Production. Some of her credits include Assistant Director & Associate Choreographer for Cirque Du Soleil's Vegas show “R.U.N”.Choreographer on Fox's hit Tv show “The Masked Singer”, New Years Rockin Eve featuring Alfonso Ribeiro, “Unleashed” on Nickelodeon, Nike Forum Fashion Week New York, “Obsessed with the babysitter” premiering on Lifetime Movies, The Rose Bowl Parade, Ringling Bros Circus “Circus Extreme”, Nickelodeon Kids Sports Awards, Nike “Born Mercurial” London, Snap Chat Annual New Years Eve Gala, In & Out Annual Gala, Nike's Strongest Plus one Brunch, India's Rawstar, Nike Olympics Puerto Rico Live Show, Reebok Global Live Summits, So You Think You Can Dance (Australia/USA), Nike “Let's Move” campaign with Michelle Obama, Miss World Tourism, Miss Angola, UNICEF, Westfield, Bachelor's Ball, and Buxom.Caitlin was also a Competition judge and Director for over 12yrs, and was a featured host on Lifetime's hit show "Dance Moms" and Jojo Siwa's "Dance Revolution". Caitlin now works Full time as a Producer for New York based esteemed Meeting and Event production company BlueprintNYC.Connect on Social Media:https://www.instagram.com/caitlinaussiefithttps://www.facebook.com/caitlinwheeler11

Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/podcastWe are live every Tuesday at 1.30pm E / 10.30am P.About Jake Jake's Twitter: https://twitter.com/farnamjake1Jake's book: The Rebel Allocator https://amzn.to/2sgip3lABOUT THE PODCASTHi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations.We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success.SEE LATEST EPISODEShttps://acquirersmultiple.com/podcast/SEE OUR FREE DEEP VALUE STOCK SCREENERhttps://acquirersmultiple.com/screener/FOLLOW TOBIASWebsite: https://acquirersmultiple.com/Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/GreenbackdLinkedIn: https://www.linkedin.com/in/tobycarlisleFacebook: https://www.facebook.com/tobiascarlisleInstagram: https://www.instagram.com/tobias_carlisleABOUT TOBIAS CARLISLETobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®.He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law.Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).