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2024 was a spectacular year for U.S. equity indices, but only a normal one for the typical stock which pulled back appreciably in December. Headline equity performance continued to be driven by the very…
- TIMELY PM UPDATES
- Brendan Ryan, CFA
- 01st May 2025
- FIRESIDE CHARTS
- 02nd May 2025
GDP, China, Jobs
U.S. gross domestic product (GDP) contracted slightly in the first quarter, although the report was heavily distorted by trade-related factors. Businesses and consumers alike are adjusting to tariffs, and they’re not very happy about…
- TIMELY PM UPDATES
- 01st May 2025
1Q25 Commentary: The Tariff Man Cometh
2024 was a spectacular year for U.S. equity indices, but only a normal one for the typical stock which pulled back appreciably in December. Headline equity performance continued to be driven by the very…
- FIRESIDE CHARTS
- 22nd Apr 2025
Uncertainty, Earnings, Travel
Uncertainty surrounding trade is causing businesses to delay or cancel capital spending plans. The deteriorating earnings outlook likely isn’t helping either. Equity markets showed signs of stress in the week following “Liberation Day.”
- FIRESIDE CHARTS
- 04th Apr 2025
Tariffs, Tariffs, Tariffs
Europe is in the spotlight after a strong start to the year for European equities. So far, the strong performance has been mainly driven by sentiment and currency. Chinese equities are also off to…
- ECONOMICS & INVESTING TIMELY PM UPDATES
- 02nd Apr 2025
Market Madness: The “Elite 8” Are Becoming a Liability
The recent market drawdown highlights risks of a concentrated S&P 500—and the case for diversification now. At this point, most investors should be keenly aware of the outsized importance of a select group of…
- FIRESIDE CHARTS
- 28th Feb 2025
Europe, China, Excess Returns
Europe is in the spotlight after a strong start to the year for European equities. So far, the strong performance has been mainly driven by sentiment and currency. Chinese equities are also off to…
- Uncategorized
- 16th Feb 2025
Will Old Risks Return in the New Year?
2025 is off to an exciting start. Will the historical analogies hold true, or will 2025 be a year all its own? Companies are extremely optimistic about the future, but sometimes actions speak louder…