
Insights and Commentary…

Monthly Market Insights: August 2025
A solid start to earnings season, relatively resilient economic data, and a slew of trade deals at the end of the month created enough positive rhetoric for US equities to achieve positive returns in July. However, trade policy risks remain a significant overhang for markets, and recent data signals towards a slowdown in the economy, […]
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2025 Mid-Year Market Review & Outlook
In our 2025 Mid-Year Market Review and Outlook video, we discuss critical themes affecting investment strategies and market developments for the second half of the year. We delve into Trump’s tariff policies and their unexpected impacts, inflation trends and Federal Reserve policy, the continued outperformance of U.S. markets, the growing influence of artificial intelligence, and […]
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Monthly Market Insights: July 2025
June’s equity rally put US large-caps back at record highs, with the Nasdaq up 6.6% and the S&P 500 nearly 5%. Yet with valuation metrics elevated, long-term tariff impacts unclear, and cracks developing in what has been a resilient labor market, we believe investors should prepare for further volatility and stay diversified.
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Monthly Market Insights: June 2025
Market action has been dictated by developments in trade negotiations, making May a volatile, yet positive, month for US equities. Although hard economic data and US corporate profits remain broadly positive, stretched valuation multiples and the looming threat of tariffs make us cautious towards equity market returns going forward. In this uncertain macroeconomic environment, investors […]
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Monthly Market Insights: May 2025
President Trump’s “Liberation Day” tariff announcement upended markets in April, briefly sending the S&P 500 into bear market territory, before a temporary pause on the most punitive tariffs sparked a relief rally. While equities recovered by month-end, investors now face a higher baseline of policy-driven risk, with soft data deteriorating and hard data showing early […]
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Monthly Market Insights: April 2025
Markets traded lower in March as uncertainty around trade policy weighed on consumer and business sentiment. Trump’s April 2nd tariff announcement exacerbated the market selloff, causing most US equity indexes to reach bear market territory. The draconian change in trade policy has significantly raised the odds of a 2025 recession, while weakening sentiment and restrictive […]
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