Market Updates

Markets in February reflected concerns of persistent inflation and a higher for longer monetary policy, resulting in a give back of some of January’s stock market rally and most of January’s bond market... more

Markets in January seemed to look past the weakening global growth backdrop and global central bank hawkishness, turning in a strong rally across global risk assets. Market internals represented a mirror image to... more

Markets in December navigated several crosscurrents including weakening trends across the global economy, a Chinese exit from its zero-Covid public health policy, the BoJ abandoning its yield curve control policy, and a continuation... more

The primary driver for November was inflation related as signs of peaking price inflation enabled the Fed to shift the narrative toward a less aggressive tightening path. Sticky wage inflation and a tight... more

Most global financial assets rebounded from the oversold conditions of August/September with the notable exception of Chinese equities. Capital market narratives for the month were centered around monetary policy and the inflation backdrop... more

Key market narratives in August included continued deceleration in economic growth, the completion of a strong second quarter earnings season, and a Jackson Hole symposium where central bankers pledged to maintain their hawkish... more

Market narratives during July included relatively strong second quarter earnings reports, decelerating global economic growth, and central bank resolve with a backdrop of persistently high inflation which began to show signs of moderating... more

On Wednesday of last week the Federal Reserve increased its benchmark federal funds rate by 0.75%, the largest single rate increase since 1994. The fed funds rate now stands at a range of... more

The market narrative in May transitioned to a debate on whether we are looking at recession or repricing debate; both nine letters, both look kind of similar, but are fundamentally very different beasts.... more

Volatility is nothing new. It is a part of investing. Since hitting a peak on January 3rd, the S&P 500 is down 14.2% as of this writing. Investors are paid high returns over... more