Daily Newsletter 6/2/25

As we discussed in our latest weekly summary, the principle of “signal over news” has been a fundamental part of our investment philosophy for years. This approach has encouraged us to focus on technical indicators and macroeconomic signals, helping us cut through the noise of daily headlines and stay disciplined in our analysis. By prioritizing what we believe truly drives market trends, we’ve been able to maintain a steady course even when the news cycle gets turbulent.

However, the investment landscape has shifted significantly over the past few months. News events—particularly those related to the ongoing trade war—have become powerful market movers, influencing asset prices in ways we haven’t seen in some time. Ignoring these developments now would mean missing out on a significant piece of the puzzle that shapes our market outlook. As a result, while signals remain our primary guide, we’re also paying much closer attention to news-driven catalysts. In today’s environment, a balanced approach that considers both signals and news is essential for making informed and timely investment decisions. We believe this dual focus will help us better navigate the current volatility and position ourselves for success in the weeks ahead.