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,...
Mar 17, 2026 | Martin Pring's Technical Corner
The recent 30% surge in crude oil prices has led many observers—drawing on memories of past energy crises—to immediately warn of recession. That may ultimately prove correct, but we’re cautious about narrative‑driven, back‑of‑the‑envelope predictions. We prefer to...
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...
