2025 Market Commentary

The rally in speculative, low-quality stocks that began last April took a breather in the fourth quarter. AI-linked names, meme stocks and crypto lagged while

Equity markets continued to shrug off the tariff-induced volatility that roiled stocks earlier this year. The S&P 500 returned 14.8% year-to-date through September 30. This

Equity markets made a strong recovery following the tariff-induced selloff in early April 1. At its lowest point on April 8, the S&P 500’s year-to-date

President Trump’s April 2 tariff announcement surpassed Wall Street’s worst expectations and roiled financial markets, sending the S&P 500 down 10.5% during a two-day decline