David Sowerby believes a 10-year Treasury yield of 5% would become a threat to the stock market.

Marriott has over 700 properties located within 30 miles of a World Cup game this summer, positioning it to benefit from the event.

Small-cap profits are projected to grow 18% to 19% into 2027, exceeding the 14% to 15% growth expected for large-cap profits.

Everest Construction is growing its revenues and cash flow at a double-digit pace.

David Sowerby believes the current equity market is the narrowest he has seen in 25 years, affecting not just the S&P 500 but also small-cap indexes.

Everest Construction, an $8 billion market cap company, is a second-derivative play on the AI infrastructure build-out in data centers.

Historically, 12 months after periods of unusually bearish market sentiment, the S&P 500 has been up by an average of 20%.

General Motors has improved its capital allocation and has resumed growing its dividend.

Historically, 12 months after periods of unusually bearish market sentiment, the Russell 2000 small-cap index has been up by an average of 25%.

Stifel, a mid-cap financial company, is growing its revenue at a rate of 10%.

The Federal Reserve is currently growing the M2 money supply at a rate of 5% to 6%, compared to 20% growth rates that previously led to 8% inflation.

The private credit market is currently experiencing significant stress.

Since 1987, the S&P 500 has outperformed the MSCI EAFE index by an annualized five percentage points.

Since Thanksgiving of last year, small-cap stocks have risen 15%, outperforming the S&P 500, which is up 4% over the same period.

Amentum, a global engineering and technology company, manufactured equipment for the Artemis Orion rocket and the Iron Dome missile defense system.

David Sowerby's largest holding in his large-cap portfolio is Broadcom, which he considers a beneficiary of AI-related spending.

The city of Detroit's municipal debt rating has been upgraded 11 times over the last 10 years, moving from CCC to Baa1.