Second Quarter Ends Strong Despite Early Volatility
Investor emotions catalyzed one of the most remarkable quarters in recent memory. On the surface, the second quarter of 2025 was strong, with the S&P 500 gaining nearly 11%.
Fixed Income Market Performs as Expected Amid Tariffs, Providing a Cushion for Investors
As investors wrestle with tariffs and their potential adverse economic and market effects, bonds are outperforming stocks for the first time in five years.
When it Comes to AI, Enduring Value Lies Beyond the Infrastructure
After a brief pause, equity investors returned to the well of AI in the second quarter.
Tariffs Provide Opportunity For Companies To Demonstrate Adaptability and Resiliency
Tariffs have prompted market volatility as investors attempt to parse the potential implications on inflation, supply chains, corporate profits, interest rates, and economic growth.
Despite Early Volatility, Fixed Income Markets Demonstrated Resilience
In the second quarter of 2025, fixed income markets navigated a turbulent landscape dominated by the White House’s shifting tariff policies.
Despite the Market’s Fixation on Tariffs, Long-Term Outlook for U.S. Markets Remains Positive
Markets can handle good news, and markets can handle bad news, but markets hate uncertainty. This adage, long recognized on Wall Street, accurately describes current investor sentiment.
S&P 500 Achieves 57 Record Closes Despite Volatility and Election Uncertainty
Catalyzed by a strong economy, cooling inflation, and excitement around artificial intelligence, the equity market posted an impressive year, returning nearly 25%. 2024 marked the second consecutive year of 20%+ returns—the first such streak since the late 1990s.
Fixed Income Market Sees Reversal Amid Economic Data and Policy Expectations
The fixed income market experienced a reversal in fortunes during the fourth quarter of 2024. Better-than-expected economic data, a slower decline in inflation, and high expectations about the incoming Trump administration’s policies drove bond yields higher.
Healthcare’s Challenges Present Significant Opportunities for Investors
Healthcare has been a broadly disappointing sector for investors in recent years. Unsurprisingly, many of the largest and longest-lasting impacts of the COVID-19 pandemic have been concentrated in the industry, from nurse and physician shortages, to unpredictable utilization of healthcare services, to a volatile biotech and life sciences funding environment.
Fed Rate Cuts Signals a New Economic Landscape
The third quarter marked a seminal pivot point for the financial markets, as the Fed officially concluded its tightening cycle that began in 2022 by cutting interest rates.