1. The S&P 500 rose 2.3% in October, marking a positive monthly performance; 2. The index gained 0.7% weekly, its fourth weekly increase in five weeks; 3. Year-to-date, the S&P 500 is up 16.56%, while the S&P Equal Weight Index has risen 7.53%.

1. The Ithaka Group's portfolio underperformed the R1000G benchmark in Q3 2025, largely due to weak performance in Technology stocks outside the AI supply chain; 2. AI-driven companies benefiting from capital expenditure cycles outperformed, while stocks vulnerable to AI disruption lagged; 3. Portfolio turnover rates increased, reflecting strategic adjustments amid AI-driven market shifts.