Liontree Weekly Update
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Liontree Weekly Update
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20252024

The connectivity sector had a lot to say this week, with Verizon, AT&T, T-Mobile, and Charter all reporting. There was a tremendous amount to unpack (some positives, some negatives) but one thing is clear…the sector stands to benefit significantly from the new tax legislation, which was a consistent topic of conversation across the board. Alphabet posted a solid quarter as well, though it came against a high bar following the +30% rebound from the April 8th...

Nasdaq and the S&P 500 continued to edge higher, once again hitting fresh new record highs during the week (Nasdaq was up +1.5% while the S&P 500 rallied +0.6%). Concerns about the Fed’s independence and the rate cut trajectory, especially in light of the stronger economic indicators such as better-than-expected June retail sales figures, were key macro....

This week, the major US indices took a bit of a breather following the recent surge. Nasdaq ended the week ~flat and the S&P 500 fell a modest -0.3% (though both did hit a fresh new record high during the week). On the macro front, tariff news flow was the main event but investors took the updates