A Market That Refuses to Care—Until It Does
If you haven’t seen KPop Demon Hunters, it’s worth watching—especially if you have kids. Today’s title comes from Golden’s lyrics, which, in our view, capture the current market sentiment well.
Next week shapes up to be another “big” week, just as every week lately seems to be. Whether the Fed cuts or not may matter less than people think, unless markets are convinced it isn’t already priced in. Europe has cut multiple times, Japan still keeps rates pinned at the front end, yet their long yields keep rising regardless.
The important thing is to have a plan and not get swayed by every passing narrative. Most of the market’s gains continue to come from AI stocks. Recently, we saw some trimming of winners and a rotation into laggards. Meanwhile, insiders keep selling into strength, even as many investors believe they know better about the long-term prospects of those businesses.
You don’t need to short the speculative frenzy—but you also don’t need to chase and overpay just because prices rise every day.
SPX Quarterly OpEx and JPM’s Collar
S&P 500 Insider Activities
Growth Quality Dashboard (Rule of 40)
Earnings This Week
For the week of August 18, 2025, notable earnings releases for companies with a market cap above $2 billion include:
2025-08-18: AM WDS 0.00%↑ AGRO 0.00%↑ SNRE 0.00%↑ SSL 0.00%↑ BTDR 0.00%↑
2025-08-18: PM PANW 0.00%↑ FN 0.00%↑ XP 0.00%↑
2025-08-19: AM HD 0.00%↑ MDT 0.00%↑ VIK 0.00%↑ AS 0.00%↑ XPEV 0.00%↑
2025-08-19: PM ALC 0.00%↑ KEYS 0.00%↑ JHX 0.00%↑ ZTO 0.00%↑ TOL 0.00%↑
2025-08-20: AM TJX 0.00%↑ LOW 0.00%↑ ADI 0.00%↑ TGT 0.00%↑ EL 0.00%↑
2025-08-20: PM NDSN 0.00%↑ COTY 0.00%↑ BBAR 0.00%↑ FINV 0.00%↑
2025-08-21: AM WMT 0.00%↑ BABA 0.00%↑ AEG 0.00%↑ BILI 0.00%↑ OSIS 0.00%↑
2025-08-21: PM INTU 0.00%↑ WDAY 0.00%↑ ROST 0.00%↑ ZM 0.00%↑
2025-08-22: AM GFI 0.00%↑ UI 0.00%↑ BJ 0.00%↑ BKE 0.00%↑ RLX 0.00%↑
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