The S&P 500 is up +12% through September, still on track for its seventh year of gains out of the last eight. Markets have remained optimistic, even in the face of rising gas prices, a spike in Treasury yields and a growing chorus of voices expressing uncertainty and concern around the future of AI and … Continued

The S&P 500 gained +14.9% in the second quarter, ending June up +9.5% year-to-date. Despite a drawdown of around -8% from record highs in March, markets have since shrugged off fears of persistent disruption from the war in Iran and have turned their attention to renewed optimism around the seemingly endless capital investment in AI … Continued

The S&P 500 approached correction territory at the end of March, down more than -8% from recent highs, in part the result of spikes in energy and commodity prices globally. Uncertainty continues to swirl in global markets four weeks into the U.S. war with Iran. While it wasn’t clear heading into 2026 what the catalyst … Continued

The S&P 500 gained over +17% in 2025, the sixth year out of seven with returns of at least that amount. Themes that drove markets higher in many of those past years were the same in 2025. The market was driven by a handful of large technology companies, buoyed by optimism around AI technology, and … Continued

The S&P 500 ended November up over +16% year-to-date and is set to once again turn in double-digit gains —its sixth out of the last seven years. Four of those years saw returns of +25% or more. Despite starting the year with consternation around trade policy and tariffs, since bottoming in early April, the stock … Continued

The S&P 500 is up around +32% from its April 8 low at the time of this writing, continuing a relentless push higher that has accelerated in recent weeks. Markets have been cheered by the Federal Reserve’s decision to cut interest rates by a quarter point in September, while signaling at least a couple of … Continued

In some ways, a whip-saw market with historic volatility was not a far-fetched outcome for the first half of 2025. Following the 2024 election, and with a January inauguration looming, many strategists were in fact calling for elevated volatility and uncertainty heading into 2025. The way the first 100 days of the new administration went, … Continued

The S&P 500 gained over +6% in May, ending the month up nearly +15% from April 21, when trade tensions between the United States and China first began to visibly thaw. U.S. stocks are now slightly higher than where they started the year, fixed income is mostly flat, and international stocks are up double digits. … Continued

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

Between February 19 and March 13, the S&P 500 lost around -10.1%. Considering that 10% corrections have occurred on average every 1.5 years, with the last one being in October 2023, many observers were expecting that a pullback may be likely in 2025. With markets coming off their best two consecutive years since the 1990s, … Continued