10/23/2026
Happy Friday from the Perry Group!
This week’s Five for Friday looks at what’s helping markets remain resilient and why investors should still be prepared for some bumps along the way:
• Market rotation is helping support stocks: As leadership shifts among Technology, Healthcare, Energy and Financials, money has continued to stay invested, helping keep the broader market relatively calm.
• Volatility is normal, even in good markets: The S&P 500 has experienced 25 declines of 10% or more over the past 50 years, including corrections during periods of economic and earnings growth.
• Consumers continue to show resilience: A strong labor market and rising household wealth, including significant home equity, are helping support consumer spending despite inflation.
• The U.S. dollar is having a strong year: The dollar is up about 4% against a basket of foreign currencies in 2026, reinforcing the continued appeal of U.S. markets to global capital.
• A reminder about innovation: The original iPod debuted 25 years ago during a recession and initially received lukewarm reviews, a timely reminder that transformative ideas aren’t always obvious at the start.
Read the full Five for Friday here: https://perrygroup.bairdwealth.com/resource-center/investment/five-for-friday-october-23-2026