Please read our important disclosures below.
In this midyear edition of our Market Outlook, Newport’s Senior Vice President of Investments Rob Milmore, CFA, unpacks the second quarter’s unexpected momentum and shares perspective on what may lie ahead.
Key topics include:
- A second-quarter S&P 500 gain of 10.8%, with technology and communication services leading performance
- International stocks outpacing U.S. markets, aided by a 7% decline in the dollar
- Q1 GDP contraction offset by anticipated 2–3% growth in Q2
- Tariff-driven inflation expectations rising to 3%, with potential Fed rate cuts on the horizon
- Key positioning considerations across equity styles, market caps and regions
Rob expands on these trends in the video, with more context and detail available in our complete Q2 2025 Market Commentary.
*This video was recorded on July 22, 2025.
Disclosures
The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. In addition, information presented in this presentation is believed to be factual and up to date, but Newport Capital Group, LLC does not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed.
This presentation includes forward-looking statements and opinions, including descriptions of anticipated market changes and expectations of future activity. Forward-looking statements and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. In addition, all expressions of opinion are subject to change without notice in reaction to shifting market conditions. Therefore, undue reliance should not be placed on such forward-looking statements and opinions.
Historical performance results for investment indices are provided for general educational purposes only. Indexes are unmanaged, do not incur fees or expenses (which decrease historical performance returns), and cannot be invested in directly. Therefore, it should not be assumed that future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended by Newport Capital Group, LLC) or product will be profitable or equal the corresponding indicated performance level(s).
Investing involves risk including a total loss of the principal amount invested. In addition, diversification strategies do not ensure a profit and do not protect against losses in declining markets.
Past performance is not indicative of future returns.