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Investment Commentary – March 17, 2025

What Happened The S&P 500 fell into “correction” territory (a drop of 10% from a recent peak) as markets continue to worry that uncertainties and potential inflation due to tariffs

Investment Commentary – March 10, 2025

Equities The S&P 500 returned -3.1% as uncertainty over tariffs and weak economic data roiled markets. The U.S. dollar saw its longest losing streak since last September, ending the weak

Investment Commentary – March 3, 2025

Equities The S&P 500 returned -1.0%; the damage would have been worse if not for a 1.6% window-dressing rally in the final two hours of month-end trading. The NASDAQ dropped

Investment Commentary – February 24, 2025

Executive Summary The S&P 500 hovered near its all-time highs, while the bond market ended the week with gains (price up / Yield down) as weaker-than-expected retail sales rekindled hopes

Investment Commentary – February 18, 2025

Executive Summary The S&P 500 hovered near its all-time highs, while the bond market ended the week with gains (price up / Yield down) as weaker-than-expected retail sales rekindled hopes

Investment Commentary – February 10, 2025

Executive Summary Non-U.S. equities are benefiting from central banks cutting rates and economic data that is holding in ok. The Bank of England cut interest rates last week, and some

Investment Commentary – January 27, 2025

Last week, stocks experienced a slight pause near record highs, but the market still secured its strongest start to a presidential term since Ronald Reagan took office in 1985. In

Investment Commentary – January 21, 2025

Executive Summary Earnings season starts strong, and U.S. economic data keeps beating estimates. Last week, stocks and bonds were up on the week (bond prices up / yields down). The

Investment Commentary – January 13, 2025

Executive Summary Last week, US stocks and bonds were down. The MSCI EAFE (non US developed) and MSCI emerging markets indices outperformed the S&P 500. The best performing sectors in

Investment Commentary – January 6, 2025

Executive Summary Following a five-day selloff, Wall Street ended its longest equities losing streak since April. The Nasdaq 100 rebounded sharply on Friday, gaining 1.7%, while the S&P 500 rose