Too Far, Too Fast? The Rally, the K-Economy & the Road to the Midterms

In this month's Market Insights Broadcast, Aaron Tuttle, CFA®, CFP®, CLU®, ChFC®, Chief Executive Officer, and Chris Arends, CFA®, CMT®, CAIA®, Chief Investment Officer, break down the market's sharp rally off the war lows, why this move has been unusually fast and narrow, and what a K-shaped economy, a new Fed chair, and the upcoming midterm elections could mean for investors heading into the back half of the year. Key Topics Include: Why "sell in May and go away" hasn't worked in over a decade The S&P 500's fast, sharp rally — and why it may be range-bound from here A narrow market led by AI, semiconductors, and memory chips The K-shaped economy: rising energy, utility, and food prices vs. the AI boom Wage growth vs. spending growth across income levels Midterm election scenarios, a potential lame-duck dynamic, and market implications The volatility that tends to accompany a new Fed chair The Iran ceasefire, oil prices, and the breaking oil–gold correlation Gold's long-term outlook and why short-term strategies stepped aside Diversification when stocks, bonds, and gold all become correlated The role of alternatives and private markets in a portfolio Are we in an AI bubble? A dot-com comparison and what earnings reactions reveal