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New Tariffs Cause Market Jitters
Tariffs had already been the primary cause of market jitters but now the Trump Administration doubles down by announcing on April 2nd its broader policy initiatives for the use of ongoing Tariffs. The odds of recession over the next year...
Read MoreNavigating Policy Uncertainty
It appears this new Trump administration is more determined to utilize tariffs, even at the expense of economic upheaval. The resulting uncertainty in terms of where tariffs will eventually land has caused investors’ angst....
Read MoreEconomic Impact of AI Leadership and US Tariffs
The month of February has brought with it two potentially market-moving stories to digest. First is the advances in artificial intelligence (AI) by Chinese startup DeepSeek. The second major story line involves the outlook for US tariffs...
Read MoreSeasonal Setup for Stocks in January
The economy is holding up well, earnings are expected to grow again this year by double digits (with contributions broadening beyond the mega-cap names), while the artificial intelligence theme continues to support market enthusiasm...
Read MoreOutlook 2025: Pragmatic Optimism
As 2025 approaches, there are reasons to remain cautiously optimistic. Cautious because no market environment is ever permanent, and change is always potentially around the corner. Optimistic because constructive long-term technology trends
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What To Expect When We’re Electing
With just under a month to go until Election Day, 2024 has not been a standard election season. Even compared to prior cycles, the 2024 U.S. presidential election is likely to be marked by significant uncertainty, and the growing...
Read MoreWhy Did the Fed Go Bold?
The Fed delivered a 50 basis-point cut in rates with a clear message they are committed to full employment. The decision to cut rates was not unanimous, but Chairman Jerome Powell mustered some consensus among the hawks and doves on...
Read MoreInterpreting this week's Market movements
Well, our quiet summer lull has been awoken with a sudden jolt due to soft economic data last Friday followed by a Monday morning unwind of stock positions related to something market participants call the 'carry trade' ...
Read MoreMidyear Outlook 2024: Still Waiting for the Turn
Dear Valued Investor, LPL Research recently unveiled Midyear Outlook 2024: Still Waiting for the Turn, the semi-annual report that recaps where markets and the economy have been over the first half of 2024. I am excited to bring you a...
Read MoreSolid Gains to End the First Half
Stocks finished the first half of the year the same way they started — with solid gains. Strong rallies from big tech names, combined with somewhat softer economic and inflation data, helped propel the S&P 500 to its seventh monthly...
Read MoreInflation, Geopolitics in an Election Year
The Fed’s preferred inflation measure held steady in April at 2.8% annually but is likely to come down further over the balance of the year as the economy slows and higher interest rates continue to impact big-ticket purchases...
Read MoreTo Cut or Not to Cut
Inflation expectations over the next 12 months have convincingly improved, giving the Federal Reserve (Fed) reasons to pivot. We will likely notice improving inflation dynamics later this week. Risk appetite improved as...
Read MoreHave Returns Been Somewhat Pulled Forward?
Following on from November’s “Turkey Rally”, December defied weaker recent seasonality trends and delivered a present for investors in the form of outsized stock market returns. Now as we move into January and...
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