Audio Commentary by Tim Seymour

COMMENTARY The equity market rally extended through July, marking another month of gains for the S&P 500, which closed at record highs, driven by mega-cap tech names. Investors remained focused on economic data and potential signals of favorable monetary policy. Softer inflation readings during the month reinforced expectations that the Federal Reserve may begin easing rates later this year, while recent commentary from policymakers emphasized a data-dependent approach. Despite ongoing geopolitical tensions—including renewed friction between the U.S. and China—markets remained largely undisturbed, with domestic drivers outweighing global headlines. The CBOE Volatility Index held near multi-year lows, closing below 12 multiple times, reflecting steady risk appetite as investors positioned for a constructive second half of the year.

Audio Commentary by Tim Seymour

Covered call strategy on junior silver mining stocks targets 18% annualized option income and capital appreciation

Audio Commentary by Tim Seymour

Building the Superhighway One Blockchain at a Time

Chicago, August 28, 2025—Amplify ETFs announces August income distributions for its income ETFs.

Distribution rates for BAGY: 31.67% and BITY: 25.17% Chicago, September 3, 2025—Amplify ETFs announces August income distributions for its Bitcoin* option income ETFs, BITY and BAGY.

COMMENTARY The equity market advanced again in August, with the S&P 500 reaching fresh record highs as resilient economic data and corporate earnings continued to give investors confidence. Inflation data showed a modest uptick in Consumer Price Index (CPI), but markets largely took it in stride, viewing the trend as consistent with the Federal Reserve’s gradual path toward easing rates later this year, potentially as early as September. Gains broadened modestly beyond mega-cap tech, though leadership remained narrow. Volatility, while off its lows, stayed relatively muted as investors maintained a constructive outlook, starting the month elevated before gradually easing.

Market and Economic Update - Strong earnings and Fed optimism lifted stocks, but autumn may bring seasonal volatility Stock markets reached new record highs in August, and bonds also helped investor portfolios. This happened even though there were concerns about tariffs, the Federal Reserve (Fed), and technology companies. Early in the month, new U.S. tariffs started affecting most major trading partners after a 90-day waiting period ended. Later, a federal court ruled that these “reciprocal tariffs” are illegal, which could lead to a Supreme Court case. Markets dropped in the middle of the month because investors worried the Fed might keep interest rates high to fight inflation. Recent inflation reports showed that companies are starting to charge consumers more because of tariff costs. But markets recovered quickly thanks to better-than-expected company earnings and growing confidence that the Fed will lower rates in September.