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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…
- ECONOMICS & INVESTING TIMELY PM UPDATES
- Brendan Ryan, CFA
- 02nd Apr 2025
- 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
With the stroke of a pen, President Trump sent the effective tariff rate on U.S. imports to the highest level in over 100 years. Markets sold off sharply, with U.S. stocks leading the declines…
- 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…
- FIRESIDE CHARTS
- 14th Feb 2025
Inflation, Consumer Credit, DeepSeek
The first inflation print of the year came in hotter than expected. There may be more of the same ahead, according to both market and sentiment-based indicators. U.S. consumer credit saw its largest month-over-month…
- TIMELY PM UPDATES
- 21st Jan 2025
4Q24 Commentary: Priced for Perfection – S&P 500 Increasingly Dependent on the AI trade
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…