Earnings remain supported; the rate backdrop determines room for multiple expansion.
Tempus Revelat
PORTFOLIO COMPOSITION
CEG19.9%
VOO19.6%
MSFT17.8%
NVDA14.4%
AAPL14.3%
AVGO9.0%
MU2.7%
RDW2.3%
OPEN POSITIONS · RELATIVE WEIGHT
MARKET
MARKET ENVIRONMENT
THE ENVIRONMENT IS BALANCED, BUT SELECTIVITY REMAINS ESSENTIAL
Growth remains sufficiently resilient to support the earnings backdrop, while inflation remains too persistent to remove the policy constraint. Elevated yields continue to limit valuation expansion.
GROWTHRESILIENT ↑
PAYROLLS+162K
INFLATIONSTICKY →
CORE PCE3.34%
POLICYRESTRICTIVE ↑
US 2Y4.34%
CREDITLOOSE →
HY OAS2.65%
AUTOMATED CONTEXT · FRED