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But we saved everything 🙂.
The 10-year yield fell by 41 basis points this week, while market performance diverged with SPX down 5 basis points and SPW up 195 basis points. Stephanie Link, managing director and portfolio manager at Hightower Advisors, also observed ongoing AI monetization at SPCX and META, 38% earnings per share growth so far, and a 17% year-to-date decrease in multiples. Link mentioned seasonality as a favorable factor into year-end.
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Earlier, Stephanie Link highlighted Micron Technology's revenue and EPS gains across all major end markets in a recent report. She also noted XLK's 7% weekly decline alongside gains in energy, staples, and healthcare, while financials recovered, as covered in another update. These observations provide context for current trends in sector performance and earnings momentum.