Risk Managed Strategy Funds

John Hancock: Weekly Market Recap Week Ended August 8

August 12, 2025

Magnificent 7 earnings

Approaching the end of earnings season, seven mega-cap stocks continued to generate an unusually big share of overall second-quarter earnings growth. In aggregate, the so-called Magnificent 7 stocks were forecast to report average growth of 25.7% as of August 5, according to FactSet. Excluding those big tech firms, the S&P 500’s other 493 stocks were expected to post much slower growth of 6.3%.

 

Growth tops value

An index of U.S. large-cap growth stocks outperformed its value style counterpart by a wide margin for the second week in a row and extended its year-to-date performance edge. A growth benchmark added 3.2% for the week versus 1.4% for a value index.

 

Gold record

The price of gold futures briefly climbed to a record high on Friday, reaching as high as $3,500 per ounce in afternoon trading before slipping below that threshold. At the start of 2025, gold was trading around $2,630.

 

CPI ahead

A Consumer Price Index report scheduled for release on Tuesday could shed further light on the impact that elevated tariffs are having on inflation. The most recent CPI report showed an annual rate of 2.7% in June compared with 2.4% in May, potentially indicating that costs from higher tariffs have rippled across the broader economy. However, June’s rise in prices at the wholesale level was just 2.3%.

 

SOURCE:  https://www.jhinvestments.com/weekly-market-recap#market-moving-news