Jul 23, 2026 | Newsletters
This commentary was prepared for clients on July 2, 2026. The second quarter ended very differently than it began. When we last wrote in April, markets were wrestling with a sudden spike in oil prices following the military conflict involving Iran. At the...
Apr 2, 2026 | Newsletters
The year began on a strong footing for financial markets, but that changed quickly as February came to a close with the sudden onset of military action involving Iran. As one might expect, the news unsettled investors. Oil prices surged, stock prices pulled back,...
Jan 20, 2026 | Newsletters
Happy New Year! While 2025 delivered positive total returns for major U.S. stock markets, the path to those gains was marked by significant market volatility. A new presidential administration, shifting policy priorities, renewed tariff negotiations, a lengthy...
Oct 15, 2025 | Newsletters
After a volatile first half of the year, market gains accelerated in the third quarter. Encouragingly, the recent advance unfolded with a welcome steadiness and a more stable environment for investors. Several sectors, most notably technology, industrials, and...
Jul 10, 2025 | Newsletters
The second quarter of 2025 brought a wave of global upheaval and domestic political tension, which unnerved investors. Despite market volatility, major indexes finished the first half of the year near all-time highs — a reminder of the importance of staying invested...
