August 2025 Stock Market Outlook: Valuations Rise, But Risks Remain

Tuesday, Aug 5, 2025 6:02 pm ET1min read

The US equity market is trading at fair value, with valuations increasing faster than the market return but concentrated in only five stocks: Nvidia, Microsoft, Meta Platforms, Taiwan Semiconductor, and JPMorgan. Growth stocks remain at a high premium, while small-cap stocks are attractively valued but may take time to work. The market does not provide a margin of safety to compensate for macro risks.

August 2025 Stock Market Outlook: Valuations Rise, But Risks Remain

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