Please stay tuned for important disclosure information at the conclusion of this episode.

Welcome to Investing Insights. I'm your host, Ivada Hampton. Investing Insights is helping investors navigate market volatility. Morningstar strategists and authors will deliver timely insights,

trends, and tips. These episodes will regularly pop into your podcast feed. This week's episode

focuses on four factors that can rock the markets over the next few months. Let's list them off.

Tariffs, company earnings, the tax and spending bill and interest rates.

Wall Street wobbled in the second quarter, but rebounded. As the third quarter kicks off,

many investors are looking for hints about what's next. Joining me now is Morningstar Inc.

Senior Markets reporter Sarah Hanson to discuss what she's been tracking. Welcome back, Sarah.

Thanks so much for having me. Glad to be here. Wall Street took a wild ride since you were last on

investing insights in early April. Your second quarter review article just published, Sarah,

what stood out or surprised you? Yeah, so we just

wrapped up Q2, which was certainly very dramatic for stocks. I know you recently talked

about all the volatility with our colleagues over at Morningstar Wealth. So we started off April

with a huge sell-off, a lot of nerves and uncertainty. The tariff announcements at the

beginning of the month really took markets by surprise. Nobody expected them to be as large as they

were, and investors were trying to digest very quickly just how huge the impact would be on the

United States and around the globe. And then just a few trading days later, we had that 90-day pause, and we had news about

trade deals in progress, which was a sign of flexibility from the Trump administration

that really reassured a lot of investors.

Stocks rebounded pretty quickly as markets kind of priced out the worst case scenario.

And now we're actually back to new all-time highs in the market.

And one interesting thing I've been watching is which trends from the first quarter kind of reversed themselves in the second quarter and which trends remained intact.

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