Looking Back and Looking Forward 2026 started well for investors. Major global equity markets moved higher in the first two months of the year, generally speaking; however, when the United States and Israel began launching strikes on Iran in late February, markets began a leg down. By quarter-end, the S&P 500 was down 4.6%. In …
Looking Back and Looking Forward Most every major asset class rose in 2025 – a surprise to many given some of the unsettling events that have occurred over the past year. Major global equity markets posted double-digit gains. Major fixed income categories turned in comparatively modest (but positive) returns. Nothing, however, matched the unprecedented rise …
Looking Back and Looking Forward Across the globe, it was a solid Q3 for equities. While the U.S. continues to lag other major markets on a year-to-date basis, it saw a revival in Q3 on the prospect of Fed rate cuts in the context of a still-acceptable, albeit weakening, U.S. economy. The main driver of …
Looking Back and Looking Forward If you had spent the last three months on a desert island and returned at the end of Q2, you would have thought nothing much had happened since you left. In fact, nothing could be further from the truth, as markets were extremely volatile in Q2. After a precipitous fall …
Looking Back and Looking Forward We thought it best to delay our quarterly newsletter by a couple weeks to see how events might unfold post the April 2 U.S. tariff announcement. We’re glad we did. It’s been a bit of a rollercoaster since, but things have become slightly more clear in recent days (slightly being …
