Market Updates

3rd Quarter 2026 Market Recap Summary 3rd Quarter 2026 Market Recap After a 2nd quarter driven by accelerating corporate earnings leading to a rising stock market, the bond market dominated client conversations during the 3rd quarter. The 10-year US Treasury yield rose to 5.29%,... Read More →

2nd Quarter 2026 Market Recap Summary 2nd Quarter 2026 Market Recap The 2nd quarter marked a notable shift in investor focus. After a 1st quarter dominated by geopolitical tensions and inflation concerns, attention returned to the single most important driver of long-term stock returns:... Read More →

1st Quarter 2026 Market Recap Summary 1st Quarter 2026 Market Recap The 1st Quarter of 2026 reflected a diverging and broadening of market leadership, with valuations resetting in mega-cap growth, resilience in earnings, and macro uncertainty, particularly geopolitics and inflation, driving volatility across both... Read More →

Over the past three weeks, markets have been navigating a complex backdrop driven by geopolitical escalations in the Middle East.  The rising uncertainty and disruption of shipping lanes have led to surging commodity prices, particularly in the important energy sector.  The second and third-order... Read More →

Markets opened this morning absorbing the geopolitical shock of the U.S. and Israel launching extensive aerial strikes on Iran overnight on Saturday, February 28th.  This action represented a major escalation in longstanding Middle East tensions and immediately heightened global risk awareness. Volatility spiked across... Read More →

Market Outlook Summary Introduction Over the last few years, we have pushed back on the risk-off mindset that often enters investors’ psyche after strong market performance.  We proposed that the broader backdrop favors long-term investors committed to a strategy of staying invested and being... Read More →

2025 Market Recap Summary 4th Quarter 2025 Market Recap In the fourth quarter, equities navigated a prolonged government shutdown, a softening labor market, and ongoing concerns around valuation, sustainability, and return on investment within the AI-driven technology sectors.  The S&P 500 returned +2.7% during... Read More →

Market Review Summary Equity Markets 3rd Quarter Review The S&P 500 rose +8.1% during the 3rd quarter.  Risk assets rallied alongside the familiar tailwind of AI-infrastructure enthusiasm and falling rates.  The Dow Jones Industrial Average returned +5.67% for the quarter and is up +10.47%... Read More →