

Market Volatility in 2025
12 snips Aug 6, 2025
Mike Wilson, Chief US Equity Strategist at Morgan Stanley, shares insights on the equity rally and volatility expectations for 2025. Anastasia Amoroso, Chief Investment Strategist at Partners Group, discusses the potential of private investments and their market approach, referencing changes in pricing transparency. Steve Auth, CIO of Federated Hermes, examines the soft-hard data gap and its implications for the equity outlook. Together, they unpack strategies for navigating uncertainty while revealing intriguing predictions about market dynamics and equity performance.
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Earnings Revisions Signal Bull Market
- Earnings revisions surged sharply after April lows, signaling a new bull market like post-9/11 and COVID-19 lows.
- Markets tend to bottom on bad news, which drove the capitulation at that low point.
Fed Cuts and Earnings Synergy
- Market anticipates Federal Reserve rate cuts in next 2-6 months, though official forecasts show no cuts this year but several next year.
- Gradual labor reductions may improve profit margins, potentially boosting earnings revisions.
Sector Picking Strategy
- Focus on sectors showing strong earnings revisions like financials, industrials, and software.
- Watch lagging sectors like housing and commodities as tariff impacts may create buying opportunities.