Rearview to Windshield, January 2026

Market Recap December 2025: U.S. and global equities posted solid full-year gains in 2025, but the ride was much choppier than the headline returns suggest, with multiple 5–10% pullbacks clustered around policy and geopolitical shocks. Large-cap U.S. growth and tech...

The Market In Pictures, January 2

Happy New Year. As we turn the page to 2026, the market landscape is a study in contrasts. Consumers who feel poor, but spend big. A tech sector that has reached a historic peak in dominance, but productivity shows signs of cooling. Concerns over growth, just as the...

Around the Bond Market, December 2025

On their own, bonds have been better in 2025 than in recent years. Capital appreciation across the complex may be limited from here, but the bigger story is the support this environment can lend to overall economic conditions. A few key themes that are emerging…...

The Market In Pictures, December 26

Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from a good run to playing catch-up, strong earnings to fun with strategist targets, and the balance between jobs and inflation that the...

Time

When I was a kid, I assumed tomorrow would look like today. Mom, Dad, and my brothers all together under one roof. Sure, I thought about the future, but I just kinda thought the future would happen; I’d still be eating mom’s cooking and going to basketball games with...

The Market In Pictures, December 19

Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from manager struggles to large cap earnings, AI impacts to economic growth, and money flows to cash and bonds. Hope you have a great...