July 7, 2025

The second quarter of 2025 underscored both the enduring resilience and the evolving complexity of global equity markets. Despite initial volatility driven by tariff-related concerns, markets rebounded decisively, with major indices now trading near historic highs. This upward momentum has been supported by strong corporate earnings and heightened investor enthusiasm for companies operating within the artificial intelligence (Al) sector.

While these headline trends have captured considerable attention, we believe it is equally important to consider the underlying dynamics shaping investor behavior-and to assess what these patterns may signal for the road ahead…

July 7, 2025

The second quarter of 2025 underscored both the enduring resilience and the evolving complexity of global equity markets. Despite initial volatility driven by tariff-related concerns, markets rebounded decisively, with major indices now trading near historic highs. This upward momentum has been supported by strong corporate earnings and heightened investor enthusiasm for companies operating within the artificial intelligence (Al) sector.

While these headline trends have captured considerable attention, we believe it is equally important to consider the underlying dynamics shaping investor behavior-and to assess what these patterns may signal for the road ahead…