Tale of Two Markets: Precious Metals Soar as Agriculture and Energy Lag The first half of 2025 delivered a tale of two markets across the commodity complex, with precious metals and baseRead More…
Mid-Year Market Perspective: Shifting Leadership and the Importance of Discipline
As we approach the midpoint of 2025, U.S. stock markets remain near all-time highs. Yet beneath the surface, leadership has started to shift, and investors are navigating an increasingly complex environment markedRead More…
Recalibrating Global Markets: The New Trade War Era
Global financial markets have experienced extraordinary volatility in the wake of President Trump’s aggressive trade policies. After initially plunging following the April 2 announcement of universal 10% tariffs and hefty “reciprocal” tariffsRead More…
Markets in Turmoil: Uncertainty, Inflation, and Fear Grip Investors
The U.S. economy and stock markets are facing heightened uncertainty as a mix of inflation concerns, political instability, and recession fears weigh heavily on investor sentiment. While economic indicators present a mixedRead More…
Financial Markets: Risks and Opportunities in 2025
As we progress into 2025, global financial markets continue to be shaped by a mix of optimism, uncertainty, and geopolitical risk. The S&P 500 has maintained its momentum from 2023 and 2024,Read More…
Biannual Commodities Update January 2025
2024 Commodity Markets: Precious Metals and Agricultural Commodities Produce Standout Performance The commodity markets in 2024 exhibited significant volatility, characterized by notable divergences across different sectors. The year was marked by record-breakingRead More…
US Stocks vs International Markets: A Tale of Diverging Fortunes in 2024
The global investment landscape in 2024 was marked by a striking divergence between US stocks and their international counterparts. While the S&P 500 surged over 23% and completed its best two-year runRead More…
Market Commentary: Unprecedented Concentration in 2024 Rally
Introduction The U.S. stock market has demonstrated remarkable strength in 2024, with the S&P 500 surpassing the psychologically important 6,000 mark. While this rally reflects robust economic fundamentals and strong corporate performance,Read More…
Market Commentary: Turbulence and Rotation from Tech Mega-Caps
Market Overview The financial markets experienced significant turbulence during August and September, with the S&P 500 at one point retreating nearly 5% from its all-time high but rallying to less than aRead More…
Biannual Commodities Update
Geopolitics, Weather, and Economic Forces Drive Mixed Commodity Performance As we move through 2024, the global commodities market continues to experience significant volatility, driven by a complex interplay of economic, geopolitical, andRead More…