Reports of the death of the U.S. stock market have been greatly exaggerated. What are the foundations for its continued strength?
The market is reaching ever new highs as the second stage of a bull market – the growth stage – is in full effect. Momentum seems to rule the day – will that continue?
How does one invest when the market shows such strength? Which stocks get left behind and which follow the growth and momentum formula?
In bull markets, investors often hear that “valuations are too high.” But history—and data—tell a different story.
Join Professor Joel Litman (Kellogg MM/MBA ‘00) and Rob Spivey CFA, of Altimetry Financial and Valens Research, as they show extensive research that answers these tough questions, and provide a roadmap for investing for the next 2-3 years.
Past attendees comment how this has been an eye-opening session, challenging conventional thinking about valuation, earnings, and what really drives stock performance when the market is in full swing.
Growth and Mo: Bull Market Investing
Featuring Professor Joel Litman and Director Rob Spivey
For The Northwestern/Kellogg Alumni Community – In Partnership with Altimetry
August 26, 2025, Tuesday
12:00 PM – 1:00 PM EDT
In this fast-paced, data-driven discussion, you’ll discover which measures and metrics have become the most powerful yet underappreciated signals in today’s market. You’ll hear how weekly updates to Earning Power forecasts, using Uniform Accounting, have shown as high as a 70% correlation with top-performing stocks during this stage of bull markets.
This is the phase where fundamentals meet acceleration. Where rising momentum in fundamental metrics – not cheap valuations – have historically separated winning portfolios from the rest. It happened in the late ’90s. It happened in ‘06–’07. And, according to Litman and Spivey, it may be happening again.
If you’re wondering where to focus in a market that seems “too expensive,” this session serves to enlighten the prudent investor.
Whether you’re managing assets or simply passionate about smart investing, this is a must-attend session offered for Northwestern and Kellogg Alumni.
Reserve your spot now. Click on the link to register.
See you there!