Risk Managed Strategy Funds

John Hancock: Weekly Market Recap Week Ended July 11

July 15, 2025

Earnings ahead

As major U.S. banks prepared to open quarterly earnings season in mid-July, analysts were forecasting that second-quarter earnings for all companies in the S&P 500 rose by an average of 4.8% overall, according to FactSet. If that turns out to be the actual rate, it would be the slowest earnings growth since the fourth quarter of 2023.

 

Dividend slowdown

The growth rate for dividend payments by U.S. companies slowed sharply in this year’s second quarter. The $7.4 billion in net dividend increases recorded by companies in the S&P 500 was less than half of the first quarter’s $15.3 billion figure, according to S&P Dow Jones Indices, which attributed the slowdown to the uncertainty that companies face over elevated tariffs.

 

CPI ahead

A Consumer Price Index report scheduled for release on Tuesday could show whether a recent trend of mostly stable inflationary pressures extended into June despite elevated tariffs. Last month’s CPI report showed an annual rate of 2.4% in May—in line with expectations and slightly above a four-year low of 2.3% recorded in April.

 

Metals rally

The price of copper surged 13% to a record high on Tuesday after the Trump administration announced a 50% tariff on copper imports to the United States. Silver futures also rallied, posting a weekly gain of around 6% as the metal climbed to the highest price since mid-2011.

 

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