Analysis shows consumer discretionary stocks outperforming staples by 200 basis points this month. Finance principles attribute this to cyclical demand sensitivity in bullish conditions. Vice President JD Vance came to the Canton area this summer to tout the benefits of the One Big Beautiful Bill that President Donald Trump just signed into law. The legislation cuts taxes, secures our border and unleashes America’s economic potential. Zhang, K. et al. Sanitation Financing in Eight South Asian and Sub-Saharan African Cities Discussion Paper (International Water Association, 2024). Tech valuations remain stretched, with the NASDAQ’s forward P/E at 26, yet robust EPS forecasts justify partial exposure. Classic principles of finance note the trade-off between growth potential and market volatility.
