August 2025

Stocks finished mixed but resilient as Chair Powell used Jackson Hole to nudge the door open to a September rate cut. That helped flip sentiment on Friday, sending the Dow to a record close and leaving the S&P modestly higher on the week while the Nasdaq slipped as mega-cap tech lagged. Yields eased across the […]

Active management thrives in areas where passive fails to capture opportunities. In 2024, 66% of actively managed U.S. and global real estate funds outperformed their passive benchmarks, while only 30% of active small-cap U.S. equity funds underperformed, implying a 70% success rate in small-cap stocks. Even among large-growth funds, active managers posted a 40% one-year

The S&P 500 posted its sixth consecutive weekly record close, while the Nasdaq and Dow also advanced modestly. Trade optimism from the U.S.–EU trade pact, robust tech and AI earnings, and a stable labor market underpinned the rally, even as volatility spiked on tariff concerns and margin leverage rose. Weekly Index Performance Index Last Close