Welcome to the first day of a new quarter. Q2/25 was quite the ride! In broad terms that V shaped bounce/recovery/rally…left us with some outsized winners and losers. Win’s: Tech +23%…Consumer+18%…Industrials +12.5% Discretionary +11%….NVDA +45%….MSFT +32% ….GS +29% …DIS +25%. Losers: Energy -9%….Healthcare -7.6%….Real Estate -1%….Staples +0.5%……UNH -40%….ENPH -36%….BDX -24%. The worst of the NASDAQ...
