Weekly Market Commentary 11-3-2025

“Earnings Continue to Impress”
See what we have to say about the following:

 

 

 

• Earnings Continue to Impress
  S&P 500 companies are beating earnings expectations, with mega cap tech firms ramping up AI-related capital expenditures.

 

• The Fed Delivers on Expectations
  The Federal Reserve’s rate cut and end to quantitative tightening created market uncertainty, as shown by repriced rate cut expectations.

 

• A K-Shaped Rally and Market Breadth Concerns
  Recent market gains are concentrated in a few mega cap stocks, signaling potential structural weakness beneath the rally.

 

• STAAC Commentary: Asset Allocation Insights
  STAAC maintains a neutral stance on equities and core bonds, favoring growth, large caps, and select sectors while advising caution amid volatility.