2025 Q1 Newsletter

IN REVIEW: Q1 2025 With Trump’s policy agenda taking the main stage this quarter, our US Resilience theme is being tested. Investors attempted to digest a mix of positive earnings, persistent inflation concerns, and the early stages of the administration’s policy – which many view as a manufactured slowdown. Volatility returned as uncertainty increased across … Read more

2024 Year End & 2025 Outlook

We are pleased to share our newsletter containing our year end review and 2025 outlook. As always, thank you for trusting us to manage your wealth.  Please reach out to us with any questions or to share your thoughts. IN REVIEW: 2024 Perhaps the overriding theme for 2024 was that of US Resilience. Strong GDP … Read more

2024 Q3 Newsletter

QUARTER IN REVIEW: 2024 Q3 The third quarter of 2024 stayed true to our “growing but slowing” theme, testing both investor optimism and market resilience. While the S&P 500 saw a solid 5.5% gain for the quarter, it faced some significant bouts of volatility along the way, dropping more than 5% during each pullback. Economics … Read more

2024 Q2 Newsletter

IN REVIEW: 2024 Q2 The second quarter of 2024 presented a more complex economic landscape, challenging some of the optimism that characterized the start of the year. While the S&P 500 managed a strong gain of over 4% for the quarter, this performance masked underlying tensions in the market and economy. ECONOMICS The “stronger for … Read more

2024 Q1 Newsletter

IN REVIEW: 2024 Q1 The 1st quarter of 2024 picked up right where we left off in 2023, as stocks continued to surge higher. Markets were buoyed by sustained economic strength, with 4th quarter’s GDP growth coming in above expectations at 3.4%. Growth expectations for 2024 ratched higher as well throughout the quarter, with GDP … Read more

2023 Q4 Newsletter

IN REVIEW: 2023 2023 will be remembered as a year that defied expectations. Expectations for inflation, for growth, and for markets. Indeed, equity markets staged a dramatic comeback in 2023 following 2022’s losses, due in no small part to widely negative expectations. Inflation came down much more rapidly than was anticipated. Core PCE, the Fed’s … Read more

Sticky Inflation?

As we make our way into 2023, likely with peak inflation behind us, it is important to look at where it will ultimately stabilize. Currently, inflation is decelerating and in the process of normalizing but we must ask what is the new normal? Will we make it back to the Federal Reserve’s target of 2%? … Read more

When Safe Assets Are No Longer Safe

2022 has been an extremely volatile year across all asset classes. Whether it was Stocks, Bonds, Currencies, or Crypto you have likely seen headlines throughout the year containing words such as “Unprecedented”, “Largest Ever”, and “Not seen in XX years”. While some of these headlines are just clickbait, we have had a very rare occurrence … Read more

Stagflation On The Horizon?

You’ve likely been seeing the word Stagflation pop up across your TV, computer screen or phone but what does it really mean in regards to inflation, growth and employment? First let’s define it – Stagflation is where an economy is experiencing a simultaneous increase in inflation and a stagnation of economic output. In simple terms, … Read more

Globalization Under Attack?

First off – what is globalization? It is defined as the process that moves businesses, organizations, workers, technology, products, ideas and inflation beyond national borders. We have all benefited from globalization through access to cheaper goods and services, cultural awareness and the transfer of information and technology. Many would argue on net it makes the … Read more