CWS Market Review – June 13, 2025

“Financially, I just say: Keep it simple.” – Rob Gronkowski

I’m with you, Gronk. Too many people made too much of the market’s dips and dives, especially earlier this year. A simple strategy of buying and holding high-quality companies and watching them grow works very well. Our Buy List is up for the year, and it’s beating the market again—all with zero trading on our part. Keep. It. Simple.

The S&P 500 continues to inch closer to a new all-time high. The index is now less than 2% away from erasing all its losses. The volatility of the index has also chilled out in a major way. Gone are those 3% or 5% bounces we had earlier this year. Over the last 12 trading sessions, the S&P 500 has closed up or down by more than 0.6% just once.

In this week’s issue, I’ll cover the recent inflation report. It was another soft one. The Federal Reserve meets again next week, and there’s growing pressure on the Fed to cut rates. It won’t happen, at least not yet, but it’s hard to see what’s so scary about inflation under 2.5%.

I’ll also cover the strong earnings from Adobe. The Acrobat and Photoshop people beat earnings and raised guidance. I’ll break it down for you.

I also have some Buy List updates for you. Heico raised its dividend by 9%. The stock is up 28% for us this year. There’s a lot to get to, so let’s start by looking at another cool inflation report.