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Stock Watch: Judging 2025 MLB trade deadline, a month later

The last Stock Watch of the regular season is here. Before the next one, we'll know who the 2025 World Series champion is, and will be knee-deep in another Hot Stove season.

With the Milwaukee Brewers topping the watch for the second month in a row, let's use that surprising fact to make a couple of observations about this year's competition:

• Payroll matters but it's still no excuse. The likely playoff bracket looks loaded with big markets and big spenders, but teams like the Brewers and Kansas City Royals kind of take away the excuses of everyone who bemoans baseball's economic disparity.