Insights
Welcome to our monthly briefing, where we provide a comprehensive analysis of recent economic events and their implications for the financial markets. Highlights from October’s briefing:
- Q3 2025 earnings have been strong, led by technology.
- Large-cap growth stocks drove U.S. equities higher, fueled by AI optimism and Mag 7 gains. Small caps also rallied, helped by the Fed’s 25 bps rate cut, which lowers borrowing costs for companies with floating-rate debt.
- The Financial Times calls the current surge a “garbage rally,” where the least profitable, low-quality stocks outperform—even though the market hasn’t been in decline.
Read the October 2025 Monthly Briefing for insights from Chief Market Strategist Julie Biel, CFA
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This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information in this article is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date listed on the correspondence, and KAR does not undertake to update the information presented. This information is based on KAR’s opinions at the time of publication of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein. Past performance is no guarantee of future results.
