GGS Advisors

Markets have rallied significantly from their April lows, and we are now in a situation where there are healthy year-to-date (YTD) gains in almost all major asset classes.1 Looking at the remainder of 2025, we wanted to provide a balanced look on the current state of the market: Reasons to remain bullish: Corporations are doing well: Earnings growth is solid, dealmaking activity picking up, and companies have been significant buyers of their own shares. For Q2 2025, S&P 500 earnings growth was up…

Israel has conducted significant airstrikes against Iran, targeting nuclear sites, scientists, and military leaders. In response, financial markets are volatile today, especially commodities as crude oil prices spike. How this event influences markets from here will depend greatly on what happens in the coming days and weeks in terms of continued Israeli strikes and Iran’s response, in particular if Israel attacks Iran’s oil infrastructure and if Iran chooses to target American assets or global shipping through the Strait of Hormuz.…

It has been a volatile start to the year, with the S&P 500 now trading down slightly year-to-date (YTD) after peaking at +4.6% on February 19. We believe the most recent decline has been driven by two main factors: Analyst estimates have finally caught up to reality in some of the market’s biggest companies: The days of artificial intelligence-related stocks like NVIDIA blowing the roof off estimates when they report earnings and guidance appear to be over Given the relatively…

Now that the election is over, we wanted to share the main macro issues we will be watching into the new year, along with reasons to remain cautiously optimistic on equities. Key Issues to Watch Washington politics: While President-elect Trump has nominated candidates for many cabinet positions in the past two weeks, none of the main economic roles have yet been filled, most notably Secretary of the Treasury. It also remains to be seen which of his nominees will actually be…