January Reversal.  Stocks markets opened 2023 on a strong note, with robust gains across global equities.  Signs that inflation is easing in several major regions

  A Look Back at 2022. The dialogue in 2022 revolved around inflation, which – brought on by pandemic-related circumstances – surged to its highest

  Some Relief. US equities recovered some ground in October following a notably weak close to the September quarter.  The S&P 500 rose about 8%

Warren Buffet warned us: “A rising tide floats all boats.  Only when the tide goes out do you discover who has been swimming naked.”  

Market Commentary. Risk assets sold off around the globe in late September as investors continued to grapple with hawkish monetary policy positioning from the Federal

Some Relief. US stocks staged a comeback in July, rebounding from a tough first half of the year.  Moderating inflation expectations and better-than-feared corporate earnings

  A Challenging First Half. Financial markets struggled to their worst start to a year in decades.  Accelerating inflation and rising interest rates, combined with

  A Challenging Time. Global equity markets saw another down month in April, but will end May about flat.  It is premature to suggest we