Market Commentary

The first quarter presented investors with a range of mixed signals as tariff concerns and rapid government downsizing introduced new uncertainty regarding the fiscal outlook. more

Trump’s victory in the presidential election has had several effects on financial markets. more

Stocks continued their move higher this quarter with market participation broadening substantially beyond the mega-cap technology and AI-related names that have dominated market performance through the first half of 2024. more

Despite conflicting data points, the U.S. economy continued to perform well in the second quarter. S&P 500 earnings reports for the first quarter demonstrated robust earnings surprises with 79% of S&P… more

Enthusiasm for owning stocks continued in the first quarter as the S&P 500 returned 10.6%, a second straight double-digit quarterly gain and the strongest start to a year since 2019. Since… more

Markets wrapped up 2023 with an epic rally that started in late October across both equity and fixed income markets and gathered momentum in November as investors concluded that the major… more

The idea of higher interest rates for longer seems to be the new consensus for investors. After an unexpectedly strong 2.1% second quarter GDP reading, the Atlanta Fed projects third quarter… more

After raising the Federal Funds rate another 25bps in May, the Federal Open Market Committee (FOMC) “skipped” in June and left rates unchanged at a target range of 5.00% - 5.25%.… more

The consequences of persistent interest rate increases are beginning to be felt across all segments of the economy. A full year into the tightening cycle, the Federal Reserve has rapidly increased… more

The Federal Reserve’s interest rate decisions—past, present, and future—were the primary focus of investors in the fourth quarter. This single phenomenon impacts the trajectory of almost every other financial metric relevant… more