In Q2, volatility gave way to momentum
In Q2, volatility gave way to momentum.
The S&P 500 hit new highs, but below the surface were signs that confidence remained fragile.
Breadth narrowed, small caps lagged, and a select group of large caps carried the index.
At Eagle Talon, we don’t chase headlines — we analyze companies and evaluate leadership.
Because durable returns don’t come from sentiment, they come from CEOs who set direction, build strong teams, and execute with discipline.
Our holdings in focus:
• Boeing rebounded +22.9% as Kelly Ortberg rebuilt the bench and accelerated execution.
• Intel reset its strategy under Lip-Bu Tan, one of the most credible operators in semiconductors.
• Nike gained +11.9% as Elliott Hill overhauled leadership and re-centered the products around performance.
Each story is different. But the pattern is the same: When CEOs lead with intent, organizations respond. That’s what we invest in.
📊 History backs it up. Over the past 20+ years, top-quartile external CEO transitions outperformed the S&P 500 by +80.9%. Bottom quartile lagged by –48.2%. (Sources: Eagle Talon Partners, Paragon Intel)
Leadership isn’t just narrative — it’s measurable.
Learn more about how we invest in leadership.
