The Nikkei 225—Japan’s version of the S&P 500—is near an all-time high. Yet we think Japan is still a good source of opportunities.

Hot on the heels of the S&P 500’s strong earnings season, recent inflation data is giving investors another reason to be cheerful: consumer prices rose just 2.7% annually in July, below expectations. This lighter-than-expected print—despite tariff-related pressures in some categories—has led traders to ramp up bets that the Federal Reserve will begin cutting interest rates in September. But a lighter CPI has important implications for the equity market, too.

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.

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

Second quarter 2025 earnings are off to a solid start.

Despite the numerous headlines around potential stagflation and recession, the U.S. economy continues to show signs of strength and stability. While growth has cooled from its post-pandemic highs, the data points to a controlled normalization. Here’s what’s happening, and what it means for your portfolio...