Stock Market:
Our year-end S&P Index target is 6,600 with risk to the upside due to optimism about AI implementation. We are optimistic about a July rally as we expect strong earnings aided by a weak dollar, which is down 6% Y/Y. We are
July 2025 Commentary And Economic Outlook
Summary
- Our year-end S&P Index target is 6,600 with risk to the upside due to optimism about AI implementation.
- We continue to be bullish on Treasury bonds, despite the recent sell-off with a 3.75% year-end yield target on the 10-year.
- We now believe that the recent surge in oil prices will cause an uptick in inflation, resulting in stagnation.
- Artificial Intelligence and data centers have opened up new growth prospects for natural gas midstream companies to supply gas-fired power plants.
Infrastructure Capital Advisors ("Infrastructure Capital") is a leading provider of investment management solutions designed to meet the needs of income-focused investors. Jay Hatfield is CEO and CIO of the investment team. Mr. Hatfield is the lead portfolio manager of the InfraCap Small Cap Income ETF (NYSE: SCAP), InfraCap Equity Income Fund ETF (NYSE: ICAP), InfraCap MLP ETF (NYSE: AMZA), Virtus InfraCap U.S. Preferred Stock ETF (NYSE: PFFA), InfraCap REIT Preferred ETF (NYSE: PFFR), and a series of private accounts. Infrastructure Capital frequently appears on or is quoted in Fox Business, CNBC, Barron's, The Wall Street Journal, Yahoo Finance, TD Ameritrade Network, and Bloomberg Radio/TV. The team at Infrastructure Capital publishes a monthly market and economic report, quarterly commentaries, investing primers, and asset class and strategy research. In addition, Infrastructure Capital hosts a monthly webinar and attends industry conferences in an effort to provide educational investing resources.