Market Commentaries

Financial markets navigated a sharp shift in macro conditions during the second quarter, moving from an environment dominated by geopolitical disruption to one increasingly driven

Financial markets ended the first quarter against a backdrop of persistent macro uncertainty, elevated geopolitical risks, and continued debate around inflation, energy prices, private credit,

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

The 25% return of the S&P 500 in 2024 marked a second consecutive year of over 20% returns. Gains continued to be concentrated in a

After the NVIDIA-driven first half of the year, equity markets broadened during the third quarter. Small cap stocks, emerging and developed non-US markets posted double-digit

Four growth stocks – NVIDIA, Apple, Microsoft and Alphabet – contributed over 100% of the S&P 500’s 4.3% return during the second quarter. The average

Tech Giants Lead Q1 Equity Market Surge Equity markets continued to rally through the first quarter. The ‘Magnificent Seven’ (Microsoft, Apple, Alphabet, Amazon.com, Meta, Tesla,