JUNE 2025 MARKET INSIGHTS By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER Someone recently joked to me that the BBB or “Triple-B”, short for Trump’s “Big Beautiful Bill,” was a forecast for the US’ sovereign credit rating. While that may be extreme, it...

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It’s recess at Cathedral School in Portland, Oregon. Amid the clamor, a first grader with messy black hair climbs haltingly up the slide. At the top, he lifts his hands in jubilation. But his joy is cut short by a ringing bell. The boy plunges down the chute, lands on his feet, and dashes to j...

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