In this edition we discuss increasing levels of volatility – particularly in the bond market, higher diesel and energy prices and their pass-through effect, quality of reported earnings for some companies, and the challenges facing the Federal Reserve. Please read the Third Quarter Market Commentary for more information.
Read MoreIn this edition, we discuss the sharp rebound in US equities during the second quarter, the persistent inflationary pressures, tough decisions on interest rates at the Federal Reserve, and the aftermath of the conflict in Iran. Please read the Second Quarter Market Commentary for more information.
Read MoreIn this edition, we discuss the conflict in Iran and its coincident volatility in financial markets, inflationary pressures rebounding, continued strong corporate earnings growth, and current valuations. Please read the First Quarter Market Commentary for more information.
Read MoreIn this edition we discuss the continued volatility in financial markets, geopolitical concerns, and stretched valuations for US stocks heading into 2026. Please read the Fourth Quarter Market Commentary for more information.
Read MoreAttached is the Third Quarter 2025 Market Commentary. In this edition we discuss the continued volatility in financial markets, the extremely strong three-year equity returns, the recent moves by the Federal Reserve, and the “curious balance” in the US Labor Market. Please read the Third Quarter Market Commentary for more information.
Read MoreIn this edition we discuss the increased levels of volatility in markets, the historic rebound from the April lows, the higher rates on Treasury debt and subsequent deterioration in the US budget forecast, and the continued focus on expected Fed interest rate moves. Please read the Second Quarter Market Commentary for more information.
Read MoreIn this edition, we discuss the high levels of volatility in financial markets over the past several months, the nonstop discussion of tariffs since November, the Federal Reserve actions over the past few months, and the slowdown in US economic growth. Please read the First Quarter Market Commentary for more information.
Read MoreIn this edition, we discuss the rise in interest rates despite the Federal Reserve cutting the Funds rate by 100 basis points, the challenge in forecasting economic growth, increased financial market volatility and our concern on US equity valuations after the strong run-up during the past 14 months. Please read the Fourth Quarter Market Commentary
Read MoreIn this edition, we discuss the continuing narrowness of the market advance, the Federal Reserve’s ‘wait and see’ approach to interest rates, our take on the issues facing Congress, preliminary thoughts on the November election, along with potential headwinds during the next several months. Please read the Second Quarter Market Commentary for more information.
Read MoreIn this commentary we discuss the continued economic strength, potential timing on the Federal Reserve interest rate cuts, the narrowness of the market advance, stretched equity valuations, and potential market headwinds during the remainder of 2024. Please read the First Quarter Market Commentary for more information.
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