Investors Wondering How Much Toothpaste is Out of the Tube as Tariff Fears Spike

We all know that markets dislike uncertainty, and that this administration was likely to provide more surprises than usual, but almost no one was expecting the April 2 announcement of new tariffs on much of the world, friends and rivals alike, that were much higher than the tariffs being charged on U.S. goods by those … Continued

Volatility Is Picking Up as Investor Sentiment Turns More Critical

A striking aspect to the current 2+ year bull market, which has seen the S&P 500 climb over +60% since October 2022, has been the sometimes difficult-to-explain levels of nonchalance by market participants in response to typically worrisome signals in the economy and markets. Core inflation has been mostly flat for six months in a … Continued

Election Results Add Certainty, Uncertainty for Investors

It’s been well-documented that markets crave certainty, and by early Wednesday morning following November’s election, traders were already pricing in a mostly certain outcome of Republican control of both the White House and Congress. As investors, this took off the table one of the markets’ known unknowns — who was going to win the 2024 … Continued

Q2 2024 Review: Markets Keep Dancing to 2023’s Hits, Rotation May Be Brewing

The S&P 500 ended the first half of 2024 up over +15%, in large part driven by the same familiar factors that have pushed the market higher by +24% in 2023, and now over +50% since October of 2022. Optimism surrounding softening inflation, falling interest rates and a productivity boom from artificial intelligence have been … Continued