Executive Summary Q1 2026 ultimately reflected a rotation-driven market under a temporary inflation shock, rather than a deterioration in underlying…

Over the weekend, the U.S. and Israel launched coordinated military strikes against Iran, targeting senior leadership, military infrastructure, and components…

EXECUTIVE SUMMARY The U.S. economy is transitioning from a narrow, services-led disinflationary expansion to a broader growth regime marked by…

Third Quarter in Review: US equities moved higher in the quarter and are now up substantially year to date. Within…

  Although the US economy has been resilient, the effect of higher rates and trade wars has not been evenly…

On the surface, the second quarter of 2025 was a blockbuster quarter for equity markets. U.S. and international equities surged…

Strategic Macro Themes: Navigating a Shifting Global Landscape As global capital flows continue to realign across economies and corporate balance…

FRAGILE FOUNDATIONS: TARIFF POLICY AND THE DIVERGENCE IN MARKET EXPECTATIONS We’re pleased to share the May 2025 edition of Equity…