Yield Hunting Newsletter June 2025 | An Uncomfortable Rally, But One to Buy

"It's an uncomfortable rally. Investors will need to hold their nerve."

- David E. Rovella

Executive Summary:

• We remain risk on despite the significant rally in May. However, that just gets us back to even on the year. EPS is still set to grow 9.1%. The number of firms increasing their 2025 earnings outlook is almost double those that are lowering them.

• If …