Recent Updates
19 May
Through the Fog of War
Quick Take. After the first quarter demonstrated its worst quarterly performance since 2022, stock markets surged to record highs powered by a resilient earnings season and a tenuous U.S.-Iran ceasefire. [1],[2] April marked a month of striking contrasts. The S&P 500 had just closed out its worst quarter since 2022, battered by the outbreak of […]
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07 April
Oil Squeeze
Quick Take: War in the Middle East consumed headlines in March, sending equities lower and bond yields higher (prices lower) as oil prices climbed sharply. Despite the circumstances, earnings expectations rose during the first quarter. March was a difficult month for markets, as conflict with Iran cast a shadow over the first quarter. Following […]
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24 March
Thoughts from the Founder: Prospects for Stability in a Time of Tension
While following the ongoing headlines about the Middle East, we contemplate how the conflict will play out in the weeks ahead and its long-term impact. Will there be a regime change in Iran? Will President Trump take further military action if the Strait of Hormuz remains closed to shipping? How will this conflict impact future […]
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19 February
New Territory
Quick Take: Stocks kicked off 2026 with positive momentum despite some volatility, while the Federal Reserve paused rate cuts amid signs of easing inflation pressures. Corporate earnings showed strength beyond the tech sector. January delivered another chapter in a bullish period for U.S. equity markets. The S&P 500 crossed the 7,000 threshold for the […]
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30 January
Holding High Ground
Quick Take:U.S. stocks ended December essentially flat, closing out 2025 near all-time highs after a year that repeatedly shook off pullbacks. After three years of double-digit growth, stock markets paused for a moment of consolidation in December.[1] The S&P 500 index marginally lost ground, ending the month 0.1% lower, while notching its seventh-best three-year run […]
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09 January
Thoughts from the Founder: Welcome to 2026
I hope this finds everyone refreshed and feeling hopeful for the prospect of the new year ahead. While it will no doubt have its highs and lows, we remain poised and ready to work alongside you as we embark on the journey into 2026 together. With the lively and busy year-end now behind us, I […]
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18 December
A Turnaround Tale
Quick Take: The longest U.S. government shutdown in history ended in November, which proved to be a turbulent month despite ending higher than it began. November shaped up to be a volatile month, with major indexes experiencing their biggest swings since April as markets eyed lofty prices of AI companies. [1] Tech stocks drove […]
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18 November
Powering Ahead
Quick Take: U.S. stocks and bonds extended their winning streak in October on the back of solid corporate earnings and the second Fed rate cut of the year.[1] Stocks powered ahead in October, notching six months in a row of gains — its best run since August 2021. The S&P 500 index has set […]
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24 October
A Steady Climb
Quick Take: The Federal Reserve delivered the first interest rate cut of the year, boosting equity and bond markets again in September.[1] A new month, a fresh milestone in September. Stocks climbed to record highs yet again as investors cheered the prospects of additional interest rate cuts. The rally extended across asset classes and […]
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16 September
Fresh Highs
Quick Take: Stocks pressed to new highs as tech shares gained ground.Bond yields moved lower (prices higher) as odds increased that the Federal Reserve would cut interest rates in September. [1],[2] August didn’t just push stocks to fresh records – it added to the texture of the rally. Although tech stocks continued to set the […]
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22 August
Onward and Upward
Quick Take: U.S. equity indexes continued to break new records while bonds softened and Federal Reserve policy came into focus. [1],[2] Source: https://www.bloomberg.com/news/articles/2025-07-24/stock-market-today-dow-s-p-live-updates Optimism over international trade agreements and strong corporate earnings pushed the S&P 500 equity index to multiple record highs during July.[3] The S&P ended the month up 2.2%, bolstered by […]
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15 July
All-Time Highs
Quick Take: Stocks hit new record highs in June, while bonds had their best month since February as traders factored in two rate cuts by the end of this year. [1],[2] Source: https://www.bloomberg.com/news/articles/2025-06-29/us-futures-edge-higher-as-trade-talks-continue-markets-wrap Stocks registered a powerful advance in June, ending the month at record highs.[3] As investors felt more confident that trade […]
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