Each quarter we like to share our insights and observations about the state of the market.
The first quarter of 2026 provided several geopolitical events that increased uncertainty and volatility around the economy and financial markets. The year began with modest economic growth, moderate yet sticky inflation readings, a softening labor market characterized by lack of new hirings, but also few layoffs, and market expectations for several interest rate cuts throughout […]
The year 2025 was marked by both turbulence and perseverance, shaped by the disruptive impact of trade tariffs and the constant buzz surrounding artificial intelligence. Despite these headwinds, the financial markets successfully worked through a complex environment and finished 2025 with double-digit returns for the third consecutive year. Those results were not achieved without difficulty. […]
The old Wall Street adage that “every bull market climbs a wall of worry” has rarely felt more fitting than it does this year. In 2025, investors have faced a long list of market concerns, from tariffs and trade tensions to rising geopolitical risks, persistent inflation, and policy uncertainty. Yet, despite bouts of extreme volatility […]
The second quarter of 2025 was one of the most volatile one in recent years, unfolding against a backdrop of global uncertainty. It started with “Liberation Day,” when the administration announced a slew of new tariffs on imports, and the equity markets were shaken with the level of proposed duties. This announcement led to a […]
The first quarter of 2025 took equity investors on a wild roller coaster ride. U.S. equity markets started the year on a strong note, adding +4.6% to a rally that started after the election and continued through the middle of February, when the S&P 500 Index reached yet another all-time high. However, in the second […]
The year of 2024 was remarkable for the U.S. economy and the equity markets. High interest rates and stubborn inflation, raging wars in the Middle East and Europe, and election uncertainties and surprises around the globe were just some the factors that should have caused an economic contraction and a downturn in the stock market. […]
Equity markets continued to build on the year’s strong start during the third quarter. It was a turbulent period for U.S. markets, with the S&P 500 posting both its biggest one-day drop following a weak jobs report that fueled fears of a recession at the start of August, followed by the strongest rebound since 2022. […]
Following the robust finish of 2023, the first quarter of 2024 was a record breaking one for markets. While the stock market saw several intermittent selloffs, it continued to march higher as resilient corporate profits and a strong labor market renewed hopes that the economy will avoid a recession. The S&P 500 Index wrapped up […]
On the first day of 2023 no one thought it would be a blockbuster year for stocks but by December 29th it became obvious they could not have been more wrong. The last year will be remembered as one of resiliency and defied expectations. After the slight reality check in the third quarter, the last […]
The equity markets started off strong in the third quarter driven by the optimism that the Federal Reserve had orchestrated a soft landing for the economy, and the era of policy tightening will soon be over. The major market indexes reached year-to-date highs in July, however, a mixture of negative news, and most importantly, the […]
U.S. equities ended the first half of 2023 higher with most of the gains made in the last month of the second quarter. The S&P 500 Index ended the quarter at a 14-month high and most major market indexes also posted solid gains, led by the tech-heavy NASDAQ, which saw its best half of the […]
The first quarter of 2023 faced a rapidly changing economic and political landscape. Following 2022, which was an unusual year when both equity and fixed income investments declined by double digits, there was a clear hope for some break from the negative news cycle. In January, the S&P 500 and NASDAQ indexes rallied by 6% […]
