commentary

Monthly Market Update - July 2025

As the major stock indices ticked up to new all-time highs in late June, something seemed to be missing: euphoria. For one, the S&P 500 Index's 5.1% return in June brought the year-to-date gain to 6.2%, a modest figure compared to the 20%+ returns of the past two years. But more fundamentally, the return of a narrow, tech-driven market overshadowed the less buoyant majority of stocks and didn't reflect the emerging and significant concerns for the remainder of the year.

Weekly Mosaic Update

The Weekly Mosaic contains the latest market and economic news and data, including what to watch in the coming week, index returns, and current positioning of Mosaic model portfolios.

Reinhart Week in Review by Madison Investments 06.27.2025

Income and spending softened in May amid tariff uncertainty, while inflation edged up slightly, keeping the Fed cautious about rate cuts despite growing debate among officials. Encouragingly, progress on trade and a ceasefire in the Middle East brought some relief to markets. 

Israel-Iran Conflict and the Implications for Markets

Reinhart Week in Review by Madison Investments 06.20.2025

The Fed held rates steady, retail sales data point to a slowing economy, and the Israel-Iran conflict remains contained. Read our take on the week’s events.

Reinhart Week in Review by Madison Investments 06.13.2025

Markets had plenty to digest this past week. Find out why GDP revisions and inflation data may not tell the full story, what the latest AAA downgrade of Treasuries means for rates, and how higher education is preparing for potential funding cuts. 

Reinhart Week in Review by Madison Investments 06.06.2025

Job growth exceeded expectations in May, but downward revisions and a dip in participation suggest labor market momentum may be slowing. Learn more about the impact of these trends and the ECB’s recent rate cut in our latest Reinhart Week in Review.

Monthly Market Update - June 2025

After taking repeated tariff-related blows, the stock market rallied in mid-May on news that the U.S. and China had reached an agreement and held steady with subsequent news, even if negative.  Investors, it seemed, were becoming like the townsfolk in "The Boy Who Cried Wolf," increasingly insensitive to the regular pronouncements of outsized tariffs.