Highlights from the week of August 1 – August 7, 2025.

Winning the AI race may hinge less on algorithms and more on powering data centers, which are projected to double their electricity consumption in the next decade. The grid is nowhere near ready. Here’s what it means for equity investors.

Headline noise around rate cut odds, tariffs, and earnings pushed stocks higher.

Investors have mostly been celebrating the S&P 500’s strong earnings season. But at the same time, a notable slowdown in labor markets is brewing: July’s nonfarm payrolls rose by just 73,000 versus expectations of 105,000, and prior months saw a downward revision of 258,000 jobs. Can corporate earnings remain resilient in this scenario? Let’s take a look.

Get the latest insights from our securitized credit desk.

An environment of few IPOs and low M&A activity can create a buyer’s paradise for secondary market funds.

U.S. equities fell while bonds rallied as labor concerns raised the expectations for a rate cut in September.

Assessing stocks through the lens of excess capital formation can help investors avoid value traps and identify high-quality stocks.

Recent trade agreements with Japan and the EU are reshaping the U.S. economic landscape. Should you reshape your portfolio to match?

Bitcoin’s evolution is driving innovation, portfolio diversification, and the rise of a powerful ecosystem of companies powering the digital economy.