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      <image:title>Insights - Market Commentary - January 2026 - Make it stand out</image:title>
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      <image:title>Insights - Market Commentary - October 2025 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Insights - Market Commentary - July 2025 - Make it stand out</image:title>
      <image:caption>Figure 1 – SPX – S&amp;P Large Cap Index YTD Chart Source: StockCharts.com</image:caption>
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      <image:title>Insights - Market Commentary - July 2025 - Make it stand out</image:title>
      <image:caption>Figure 2 – Global Liquidity Index Source: TradingView, Global Liquidity Index by Quantitative Alpha, StashAway</image:caption>
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    <lastmod>2025-04-17</lastmod>
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      <image:title>Insights - Market Commentary - April 2025 - Make it stand out</image:title>
      <image:caption>Figure 1 – S&amp;P intra-year declines vs. calendar year returns Source: JP Morgan Asset Management, Feb 27, 2025</image:caption>
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      <image:title>Insights - Market Commentary - January 2025 - Make it stand out</image:title>
      <image:caption>Figure 1 – Debt to Income Ratio Source: https://www.kkr.com/insights/outlook</image:caption>
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      <image:title>Insights - Market Commentary - January 2025 - Make it stand out</image:title>
      <image:caption>Figure 2 – Volatility Is The Toll We Pay to Invest Source: https://www.carsongroup.com/insights/blog/10-talking-points-about-the-recent-volatility/</image:caption>
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    <lastmod>2025-01-07</lastmod>
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      <image:title>Insights - Market Commentary - October 2024 - Make it stand out</image:title>
      <image:caption>Figure 1: S&amp;P 500 Returns 12 Month After First Rate Cut          Source: U.S. Global Investors</image:caption>
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      <image:title>Insights - Market Commentary - October 2024 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <lastmod>2024-07-09</lastmod>
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      <image:title>Insights - Market Commentary - July 2024 - Make it stand out</image:title>
      <image:caption>Figure 1: Morningstar – YTD Performance Comparison of SPY and IWM</image:caption>
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      <image:title>Insights - Market Commentary - April 2024 - Make it stand out</image:title>
      <image:caption>Figure 1: Global economic growth and the PMI, S&amp;P Global Source: https://www.spglobal.com/marketintelligence/en/mi/research-analysis/monthly-pmi-bulletin-march-2024.html</image:caption>
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      <image:title>Insights - Market Commentary - January 2024 - Make it stand out</image:title>
      <image:caption>Figure 1: LSEG Datastream, Schroders Source: https://mybrand.schroders.com/m/9be0757427e5d2c/original/Schroders-Equity-Lens.pdf</image:caption>
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      <image:title>Insights - Market Commentary - July 2023 - Make it stand out</image:title>
      <image:caption>Figure 1 – Conference Board Leading Indicator (Blue Line) Source: The Conference Board, *Bureau of Economic Analysis (BEA)</image:caption>
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      <image:title>Insights - Market Commentary - July 2023 - Make it stand out</image:title>
      <image:caption>Figure 2 – S&amp;P 500 Earnings Growth: Q1 2023 – Q4 2023 Source: FactSet</image:caption>
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    <lastmod>2023-04-05</lastmod>
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      <image:title>Insights - Market Commentary - April 2023 - Make it stand out</image:title>
      <image:caption>Figure 1 – 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity Source: fred.stlouisfed.org</image:caption>
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    <lastmod>2023-02-08</lastmod>
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      <image:title>Insights - Market Commentary - January 2023 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Insights - Market Commentary - January 2023 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <lastmod>2023-02-08</lastmod>
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      <image:title>Insights - Market Commentary - October 2022 - Make it stand out</image:title>
      <image:caption>Figure 1 – The Fed is Hiking Further &amp; Faster Than Any Time in Modern History Source: www.chartr.co/</image:caption>
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      <image:title>Insights - Market Commentary - October 2022 - Make it stand out</image:title>
      <image:caption>Figure 2 – US Dollar Source: www.stockcharts.com</image:caption>
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    <loc>https://www.arieswealthllc.com/market-insights/2023/2/8/market-commentary-july-2022</loc>
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      <image:title>Insights - Market Commentary - July 2022 - Make it stand out</image:title>
      <image:caption>Figure 1 – VIX Source: bigcharts.com</image:caption>
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      <image:title>Insights - Market Commentary - July 2022 - Make it stand out</image:title>
      <image:caption>Figure 2 – Investor Equity Positioning Source: fred.stlouisfed.org</image:caption>
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    <lastmod>2023-02-08</lastmod>
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      <image:title>Insights - Market Commentary - September 2021 - Make it stand out</image:title>
      <image:caption>Figure 1 - S&amp;P Market Declines in Perspective: Even Markets See Drawdowns Source: Calamos Investments (https://www.calamos.com/insights/volatility-opportunity-guide/significant-intra-year-drawdowns-are-common/)</image:caption>
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      <image:title>Insights - Market Commentary - September 2021 - Make it stand out</image:title>
      <image:caption>Figure 2: Citi Economic Surprise Index – United States Source: Citi</image:caption>
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      <image:caption>Jason Viola, President &amp; Founder</image:caption>
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      <image:caption>Timothy Woodhouse, JD, CPA, Director</image:caption>
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      <image:caption>Micah Davis-Johnson, CPA, CFA, Director</image:caption>
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      <image:caption>Victoria L. Morin, Associate</image:caption>
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